RE: LeoThread 2025-05-28 05:39
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The Future of Stablecoins
Headline stablecoin metrics like market cap and volume are misleading, with over 30% of reported volume driven by MEV bots and 32% of supply held by just 20,000 unidentified wallets. The real shift is happening at the distribution level, where issuers like Circle are paying out over half their revenue to partners like Coinbase to drive adoption.
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