The Capital Suck

> Stablecoins have created a self-reinforcing "capital suck" flywheel where onchain capital becomes so productive (generating ~$122B in economic activity per $1B) that it never leaves.

> This same mechanism is now pulling all traditional institutional assets and capital onchain.

> The flywheel that pulled in stablecoins is beginning to pull in equities, credit, treasuries, and structured products.

> We are in the early innings of that process, and the same quiet flywheel that grew stablecoin supply 60x in 6 years is the mechanism that will suck all assets onchain.

Source: https://twitter.com/jonah_b/statu...
_
〽️ Crypto Pulse 👉 @degendaoinfo #crypto