🧭 Stablecoins Are Maturing, Not Fading I think the market is getting distracted by the shape of the curve instead of the scale of the settlement rail. Processing over $1.13 trillion in a month isn’t a cooling-off story; it’s a reminder that stablecoins have become real infrastructure, not just a speculative side quest. ⚖️ The bearish read is easy: activity is down from February’s spike, so maybe the frenzy is fading. But my lean is the opposite — this looks more like normalization at a very high base, which is exactly what durable utility often looks like. ETH, TRX, and SOL matter here because they’re being judged less like narratives and more like plumbing; that’s a fundamentally different game. If this were pure hype, throughput would collapse once attention moved on. Instead, the core flow is still massive, and that tells me the ecosystem is consolidating strength, not losing relevance. 👁️‍🗨️ The real story is not “decline”; it’s that trillion-dollar settlement is now normal enough to be boring. #Stablecoins #ETH #CryptoInfrastructure