The stablecoin making headlines right now? That's not the real picture.

Most coverage focuses on $USDT/$USDC as simple dollar pegs. But the actual game is way deeper:

• Stablecoins are now the backbone of onchain liquidity
• They're the primary rails for cross-border settlement
• DeFi yields are built on stablecoin depth
• Regulatory battles will reshape which chains win

The narrative isn't just "digital dollar". It's about who controls the pipes when trillions flow onchain.

If you're not watching stablecoin dominance by chain, you're missing the real alpha on where capital is flowing.