O’Connor argues that crypto’s clearest success story has scaled as money but not as capital. Stablecoins are probably crypto’s clearest success story, and rightly so. They became the industry’s monetary primitive; the dollar layer for trading, collateral, payments and settlement. But they have scaled as money, not as capital. Roughly $315 billion now sits in stablecoins, yet most of it still behaves like digital cash. They sit in wallets, on exchanges, and in corporate treasuries, easy to move…
Why this update matters
This developing story is relevant for readers tracking cryptocurrency because it reflects fresh changes from the original source and signals where attention is shifting next.
Key details
The report was collected automatically and prepared for publication with a newsroom workflow that focuses on clarity, search visibility, and quick understanding.
Readers should review the original source for direct statements, official notices, and any later corrections or additions as the story evolves.
Related coverage
Continue reading with more reporting from the same topic cluster.