Can Stablecoin Supply Measure Ethereum Adoption?

Can Stablecoin Supply Measure Ethereum Adoption?
Interest in the cryptocurrency markets came roaring back this fall, with bitcoin and ether both breaking their previous all-time highs just weeks ago. However, shortly after the breakout things turned south, and the market took nearly a 25% dip.While many investors and traders were calling for an end to the bull market, the stablecoin printer continued to pump new capital into every corner of crypto. Several billion-dollar funds were announced and institutional investors were taking part, arguably for the first time in the short history of the asset class.The growth of stablecoin supply is likely correlated to decentralized finance (DeFi)…