The Fed's Pivot Is Already Priced Into Stablecoin Ledgers
Layer2
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CryptoWolf
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When Citigroup flips from neutral to outright bearish on the dollar, the macro herd scrambles for the nearest exit. But the ledger doesn't lie—and it has been whispering this shift for weeks. Over the past five days, the market cap of the three largest fiat-backed stablecoins ticked up by 1.8% in aggregate, while the DXY slipped below its 50-day moving average. That coincidental timing isn't... Forensics tells me the ghost in the machine has moved on before the bank's note hit the terminal. Let me show you the evidence trail.
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