Loosely held view: there are three independent trends that seem favorable for stablecoins being the big winner in this crypto winter.

1. High interest rates make it a good biz

2. US federal legislation likely in the next 12 months; would make traditional FIs more comfortable

3. Developer infra being built out now

💯 

I think the best onramp for the masses is something that is a no brainer: gives some benefit of crypto (even if not 100% benefit) but no downsides. Stablecoins are most close to that so far