The issuance of stablecoins has been growing rapidly, but neither Bitcoin nor altcoins have seen any stablecoin flow over as expected. After the surge in gold, oil, and other commodities in the 70s, Reagan anchored the dollar to treasury bonds in the 80s. But those dollars eventually went into the stock market, while gold and oil slumped for a decade Now stablecoins are being issued to prepare for compliant on-chain assets, which might not have much to do with the crypto space anymore