Recently, the total stable coin MC rose by: 💰961.34 million in 7 days 💰15.871 billion in 30 days 💰32.896 billion in 3 months *Notably, stable coin delta has ALSO rose in this time as well. The 3-month stable growth rate suggests an acceleration, with MC incr from 192.409 billion 3mon ago to the current 225.305 billion MC...despite stagnant risk asset pricing, esp among alt coins. If you break it down by chain, 84.5% of all stables are going to TRON and ETH where they are increasingly being used for settlement vs purchase of volatile assets. Unironically, we’re seeing the rise of true crypto adoption but not appreciation….an unexpectedly late side effect of early technology known as "penetration pricing": cheaper asset prices lead to great adoption thanks to the Law of Demand. Due to increasing use of stables in cross border settlements (ex. HOOD settling trades on weekends)...Growth of the stable coin market cap is no longer a good predictor of risk on demand for crypto assets...but it remains a good indicator for risk off if/wen growth begins to slow🍌