Decentralized Social Network’s DeSo Token Rallies Amid Stablecoin Plans

DeSo was trading around $17.82 at press time on a 25.6% daily jump, with strong spikes immediately preceding and following the platform’s stablecoin announcement at 1:04 PM eastern time Thursday, per CoinGecko. The token has a current market capitalization of $165 million, or one tenth of its peak total value last October.