Stablecoins are taking off like a rocket, and really juiced up the entire crypto space. Most of these coins enable things like staking so users can earn interest on them when holding. Some are paying rates as high as 8% or more TBH, and this makes the bank’s interest rates look like NSFW garbage in comparison.
To this point Ethereum has dominated the stablecoin space, but Tezos is making big moves. Circle announced that the USDC coin would run on Tezos in the very near future in addition to Ether. This is huge as it is backed by Circle and Coinbase via the Centre entity.