🇺🇸America's oldest bank just became a stablecoin operator. BNY, founded 1784


$59.3 trillion under custody, will mint and redeem USDC directly from its custody platform by end of July.
This is happening before the CLARITY Act has even passed.
Chainalysis's upside model says $1.5 quadrillion in annual stablecoin volume by 2035, bigger than the entire cross-border payments market today.
The "adoption is going nowhere" crowd is now arguing with Alexander Hamilton's bank.
When CLARITY does pass, which chains are positioned to carry that traffic?
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