I still don’t think people grasp how big this is.

In 2024, over $27.6 trillion was settled through stablecoins more than @Visa, and 7.7% more than @Mastercard.

We’re watching stablecoins evolve from "DeFi money" into global settlement rails.

◢ Some key stats:

> 95% of volume settled on $ETH

> Solana is catching serious momentum

> $USDT, $USDC, $DAI dominate flows

> $HSBC and $ANZ are already earning off this (custody + payment fees)

> Stablecoins now hold US Treasuries top 15 globally

This isn't just crypto doing well.

This is crypto becoming the backend of global finance.

Quietly and efficiently.

When I think about on-chain liquidity today, I’m not just looking at DEX volumes or token flows, I’m watching where stablecoin velocity is accelerating.

That’s the alpha signal.