I don’t think they’re useless, but most of the hype was. Stablecoins clearly solved a real cross-border settlement problem, and some public chains found niche b

I don’t think they’re useless, but most of the hype was. Stablecoins clearly solved a real cross-border settlement problem, and some public chains found niche but legitimate use cases. But the majority of crypto projects were still scams or unnecessary. My view is basically: useful at the infrastructure layer, mostly noise at the application layer.