দৃশ্য রাজা

স্থিতিশীলমুদ্রার নির্ঘণ্ট

আমি years धরে stablecoin-এরপথটি দেখছি—প্রথমে developer-হিসাবে,তারপর investor-হিসাবে,এখনও “যা” code-এ speak-করছে।

আগে: USDC/USDT minting, reserve build-up, fee collection. Scale-এর race.

আজ: Winner? Not the one with biggest press.

Sustainable value? In use.

Issuance vs. Scene

USDT 76% market share. USDC 16%. Rest? Footnote.

Circle’s IPO: $50B market cap but 50% interest income to Coinbase. Not sustainable.

So what now? Win by value, relevance—solve real problems in supply chain, trade finance, real estate—not just move money faster. This isn’t hype. It’s structural change.

Where Value Is Created

B2B Cross-Border Payments: Beyond Speed & Cost

When paying suppliers across borders: • FX risk (1–3% loss) • Liquidity silos • Delayed settlement • Compliance layers Stablecoins don’t replace SWIFT—they reimagine it. With smart contracts: • Payment triggers on cargo confirmation, • Multi-currency pools hedge forex in real time, • Trade financing auto-executes via tokenized credit lines. The goal? Turn trust from paperwork into programmable logic.

Real World Assets (RWA): Bridging Physical & Digital

The promise of RWA is huge—but complex. How to prove a building exists on-chain? Who controls data? Who enforces rights? The answer: Stablecoins as scaffolding: • Bridge traditional and blockchain markets, • Automate rent distribution via smart contracts, • Serve as DeFi collateral—turn illiquid assets into yield. critical insight: Minting without ecosystem = highway without exits or destinations.

DeFi + TradFi: The Hidden Hub

The idea that DeFi and TradFi are enemies is outdated. They’re two ecosystems wanting to talk—and stablecoins are the translator. even Maersk or Siemens use stablecoin strategies for “day-night cash management”: safe core operations in banks; idle capital deployed into compliant DeFi yield protocols via regulated wrappers. sounds advanced? It already works—and we’re only at startup phase.