paraficapital

🧵 1/ Stablecoins have emerged as crypto's killer app, surging to a $250bn supply and accelerating the arrival of pivotal legislation. This momentum has ignited an arms race, pushing banks, fintechs, and payment giants including Visa, Stripe, and PayPal to aggressively map out their stablecoin strategies. Demand for exposure to the stablecoin sector is high, as we’ve seen with the success of Circle’s IPO last week.

With rapid adoption, our team analyzed traction, competitive dynamics, and value accrual throughout the stablecoin ecosystem.