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The Dollar Is Winning Crypto’s Biggest Battle
Crypto was supposed to challenge traditional finance. Bitcoin introduced a form of digital money that doesn't depend on a central bank. DeFi promised financial services that could operate without traditional intermediaries. Yet one of the biggest winners inside crypto is something very familiar: the U.S. dollar. Not paper dollars. Not money sitting in a traditional bank account. Digital dollars living on blockchains. Today, the total stablecoin market is around $310 billion . USDT alone represents roughly 59% of the market, while USDC sits at more than $73 billion. The interesting question is no longer whether dollars belong in crypto. It's which digital dollar becomes part of the financial infrastructure of the future. Why Does DeFi Need Dollars? Bitcoin and Ethereum are valuable assets, but their prices move. That makes them less convenient as a unit of account. Imagine borrowing $10,000 worth of an asset today and discovering that its dollar value has fallen 30...