I question this take (and welcome criticism from the Solana crowd here), here's why: If I'm a stablecoin holder onchain what I want to have access to is a very safe, secure, resilient onchain ledger that is extremely battle tested in terms of DeFi protocols. In this regard, for me at least, it's Aave > Solana lending markets. That's a very basic, and perhaps reductionary take, but as a stablecoin holder onchain I want to be in the safest spot with decent yields. No chance of Thanksgiving Day turkey chart, essentially. Now... That isn't the thinking behind the *entirety* of stablecoin holders onchain. If the yields are just damn better onchain somewhere else, they may end up going over there regardless of where they sit on the chain tribalism spectrum. Seraphim is working on some very interesting custodial BTC lending products that may unlock another wave of new demand for borrowing onchain (and get the flywheel spinning), so maybe this is where Solana starts to pick up the pace on the stablecoin side of things. To be determined....