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# System prepended metadata

title: 'Thesis: Range of stablecoins needed for DeFi'

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# Thesis: Range of stablecoins needed for DeFi
***tldr;*** Risk off assets are essential for any well functioning DeFi system. Arbitragers need non correlated assets to function and transactions are still better demoninated in fiat currencies

## Questions
* How are we tracking this? 
    * Growth of stable coins market cap across time [https://messari.io/chart/stablecoin-growth-59F45A1B], [https://dune.xyz/hagaetc/stablecoins], [https://www.coingecko.com/en/stablecoins]
* Should we try to model where value will end up. 
    * It's different for each stable coin so a card specific tokenomics is fine
* How big an opportunity is this?
    * 100s of Billions
* Timeframe around this thesis?
    * Months, adoption in DeFi is very fast
* How will regulation effect this?
    * Latest US regulation is `Warner noted to reporters that this was likely the final list of exemptions, which leaves software developers and decentralized platforms exposed to the new statute, should it pass.` [https://www.wsj.com/articles/cryptocurrency-compromise-emerges-for-infrastructure-bill-11628185806]
    * 