Stablecoins Emerge as Crypto’s Killer App

Venture Capitalists Identify Stablecoins as Key Cryptocurrency Utility

• Geopolitical tensions from the U.S. trade war led to a decline in most liquid tokens.
• Venture capitalists maintained focus on the utility of cryptocurrencies, especially stablecoins.
• The U.S. trade war caused a quarter-long loss of gains in liquid tokens.

Despite a decline in most liquid tokens due to geopolitical tensions, venture capitalists continued to emphasize the importance of stablecoins within cryptocurrency utilities.