THE STABLECOIN GOLD RUSH AND WHY ORCHESTRATION WILL WIN

Summary from the TLDR Crypto newsletter

As the stablecoin market passes $27 trillion in annual volume and $213 billion in supply, the real winners won't be the miners (L1s, L2s, or issuers) chasing razor-thin margins, but the shovel sellers (e.g., orchestration platforms automating payments, compliance, and settlement). Orchestration cuts costs and turns stablecoin rails into usable financial infrastructure by simplifying fragmented processes like bridging and off-ramping into one automated workflow. Just as Stripe and AWS captured value above commoditized infrastructure, orchestration will become the sticky, high-margin layer powering the next phase of onchain finance.