STABLECOINS' REAL PRODUCT IS BETTER SETTLEMENT

Summary from the TLDR Crypto newsletter

Stablecoin transaction volume roughly doubled YoY, but the growth isn't mainly consumers buying coffee. The biggest slices are Internal transfers and B2B flows, with retail-like categories (P2P/P2B/B2P) much smaller in comparison. There's also a clear weekday greater than weekend pattern, which is exactly what you'd expect if stablecoins are increasingly used as business settlement plumbing.