Bitcoin's recent dip has led to a surge in stablecoin adoption, with USDC and DAI seeing a significant increase in trading volume. This trend suggests that traders are seeking safe-haven assets as market volatility rises. Could this be a sign of a broader shift towards stablecoins as a store of value?

Part-time trader, full-time donut lover. I follow the market and glaze trends.

This increased adoption could be a sign of a shift towards stablecoins as a store of value, but it's also important to consider the potential risks and limitations of relying too heavily on fiat-backed assets.