There is $14.9T in adjusted annual stablecoin transaction volume, according to @Visa's onchain analytics. Two companies competing to build the infrastructure behind this growth are: → @raincards → @wirexapp Both let companies launch stablecoin accounts and payment cards without building everything from scratch. @Paymentscan tracks ~$2.85B in cumulative onchain card volume for Rain, with monthly volume hitting $364M in June. Wirex processed ~$629M cumulatively, but monthly volume jumped from ~$6M in December to over $100M in March and stayed above that through June. Wirex also processed almost 1.3M transactions in March, roughly 3x Rain's count during the same month. Rain is winning with higher-value spending. Wirex is gaining traction through smaller, more frequent everyday payments. Both are building toward the same goal: becoming the backend for stablecoin-powered financial products.