How a Lunatic Law Turned Stablecoins into Crypto Gold-And Everyone’s Laughing All the Way to the Bank
And what was the immediate impact? Well, imagine the markets as a stubborn old man suddenly sent into a frenzy after a shot of espresso-growth, rapid and unapologetic. Data from CoinMarketCap, which is basically the crystal ball of the crypto universe, shows the stablecoin market ballooned by \$9.11 billion-just 23 days after the law’s signing. Seems like rules are just suggestions, after all. The total market cap now hovers around \$276 billion, a number so large it makes you wonder if the accountants have lost track of reality.