Been following the stablecoin space closely for a while and this one genuinely caught me off guard. Not the TradFi entry itself, that felt inevitable after the Genius Act passed. What I didn't see coming was Ripple and Solana sitting at the table with Visa, BlackRock, and Stripe to build the thing that's designed to undercut the existing crypto-native stablecoin leaders. Circle's stock dropped double digits on the announcement. Tether wasn't invited either. The consortium returns yield to partne
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