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๐ Stablecoins are being used, not just held
๐ a16z #crypto compared adjusted monthly velocity of stablecoins to their total supply, and the ratio has jumped from 2.6x to 6x over the past 2 years. ๐ก Meaning: demand for transactions is growing faster than new issuance. This is a key signal of a real payment network, where the base asset isnโt just sitting idle, but actively circulating. ๐ Translation: stablecoins are evolving from โstore of valueโ tools into full-fledged payment rails. ๐
#crypto