Stablecoins are to blockchains what credit cards are to airlines and retail A high-margin source of recurring revenue that bridges the gap toward profitability in an otherwise low-margin industry I expect every major blockchain ecosystem will embrace ‘aligned’ stablecoins and stop leaking value to Tether / Circle Bearish commoditized unopinioned ‘neutral’ chains backed by social signaling alignment Bullish niche-seeking vertically integrated, opinionated chains with rev-share alignment(Zach Rynes | CLG)