A look at the Top 10 (by marketcap) Crypto lists 3 Stablecoins, (Tether, USDC, and Binance USD) With many more pegged coins down the list (Wrapped Bitcoin and ETH, as well as more USD pegged coins)...
I personally don't feel like they should count towards the total market cap of crypto, as their value isn't part of the network, it's just potential value within the crypto space. The equivalent of uninvested $ on a CEX. I do understand the need for tethers and wrapping, when dealing in web3 away from the dollar and for moving money, so I'm not trying to shut them down(is FUD even possible for a stable coin?)
It just doesn't feel right in my brain that 3 out of the top 6 coins aren't coins themselves, they're just the US Dollar, rebranded.
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