
Stablecoin market: $304 billion in August. September holding above $300 billion. USDT and USDC: ~85%. 79% of supply on two networks. Ethereum: DeFi and institutions. Tron: USDT and low-cost transfers. Visa: over 160 card programs. Payments up 200% YoY. This is no longer just speculation. Settlements, Business, Credit. Governments are tightening reserves and reporting. JPYC: issuance exceeding ¥10 billion. Circulation around ¥3.8 billion. Advantage comes not from printing, but from adoption, liquidity, MiCA-style compliance, and bridges to legacy payment networks.


