Trend · Nov 10, 2026 13:13 UTC

stablecoin settlement is fragmenting treasury policy

Useful frameworks survive longer than seasonal slogans.

Historically, stretches where stablecoin settlement leads without support from cross-exchange spreads invite sharper reversals.

Put beside current chatter on “Bitso Business Says Stablecoin Payment Volume Now Runs Above $150B Annualized,” the incentive problem looks clearer.

Ignoring Bitcoin because layer-2 networks looks exciting is how late-cycle mistakes compound.

Most blow-ups start as comfortable consensus.

Most blow-ups start as comfortable consensus.

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