Circle IPO did a 5x on launch. XPL is the biggest token of the year. Cloudflare CEO announced their stablecoin this week. USDH went live this past week. ZeroHash just raised $104M to build a stablecoin. USAT announced by Tether this month. Stripe is rumored to be launching a stablecoin early next year. Ethena’s USDe crossed $14B+ in outstanding supply. MegaETH announced their USDm stablecoin. Frax is gearing up to launch FraxNet. Tether is raising at $500B valuation. Korean Won stablecoin is coming via Avalanche. GENIUS act passed over summer and US Treasury Secretary Bessent is aiming for $3T total stablecoin supply by 2028. The demand for stablecoin exposure is practically infinite at this point in time. All big banks are thinking deeply about their digital asset strategy. Couldn’t be more obvious. Welcome to the Stablecoin Supercycle.