USDC just outvolume'd USDT for the first time since 2017. Q1 2026: USDC processed $2.55 trillion in transactions versus USDT's $1.49 trillion. In the same week, Tether hired KPMG for its first full Big Four audit. Stablecoin supply hit a record $316 billion total. The mechanism is straightforward: incoming reserve requirements under the GENIUS Act are repricing compliance as a competitive advantage. That's regulatory capture working in reverse — the regulated product wins. @Rocket100ltd
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