Dear, the European crypto market has truly undergone a seismic shift. Just after MiCA officially took effect in early July, many hadn’t even processed the change before the entire industry began to reset. Even more striking: of over 3,000 crypto companies in Europe, only around 200 ultimately met the requirements—a pass rate of less than 10%. USDT has also exited regulated trading venues; today, the only major stablecoin still flowing smoothly is almost exclusively USDC. While many projects are still scrambling to catch up on compliance and restructure their systems, Moonlight noticed that @WalletConnect had already paved the way ahead. @WalletConnect’s WalletConnect Pay has officially launched—and from day one, it was designed with compliance in mind. Travel Rule, SIWX ownership verification, KYC, and KYT are all seamlessly integrated into the payment flow. The primary payment rail is MiCA-compliant USDC. It feels like everyone else is still retaking an exam, while they’ve already handed in their paper. What makes @WalletConnect truly unique is that it’s neither an exchange nor a custodial platform. It builds payment infrastructure. The regulatory logic is entirely different—future regulated wallets, payment providers, and new banks will face far lower barriers to integration. Now let’s look at the value proposition of $WCT—this part is even more interesting. As more compliant payment volume flows into the network, merchants begin paying service fees, and those fees flow back into the network, further incentivizing wallets, rewarding users with cashback, and enabling stakers to participate in reward distribution and governance. The entire flywheel starts turning on its own. Crucially, this mechanism has already passed its fee switch test. This isn’t just a PPT or a story in a whitepaper— it’s a real business model that has already processed live traffic. Many tokens derive value from sentiment, hype, or continuous reward emissions. But $WCT is different—it brings real commercial revenue into the network and redistributes it back to the ecosystem. This closed-loop value system is something worth paying attention to. Many may not have realized: Every time you’ve scanned a WalletConnect QR code in the past, you were already interacting with this very network. Now, it has officially entered the payments space—and is beginning to process real transaction fees. It’s like Visa earning revenue through transaction volume— except here, the value generated flows back to wallets, users, and stakers, not traditional financial institutions. So now, staking $WCT isn’t just about securing the network. More importantly, it lets you participate in how future payment fees are distributed. If MiCA continues driving growth in compliant payments, what will matter most won’t just be user numbers anymore— but how much real transaction volume the network processes each week. I’ll continue tracking the developments. If you’re interested, follow @WalletConnect and @wcthub. And if the opportunity arises, Moonlight would love to personally try WalletConnect Pay—to see if compliant payments truly become the next big trend worth watching.