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Not just a fad 

Wake up babe, a new State of Crypto just dropped. 

No, but really, a16z’s latest report is filled with intriguing snippets covering the entire industry. 

I wrote about the takeaways yesterday, but this morning I wanted to really focus on a few data points. Namely, what the team found when they dug into stablecoins. 

“We’ve seen that stablecoins have found product market fit, and I think it’s largely because transaction fees have come down. Stablecoins are a great product when fees are low. And so we’ve really…

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