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Stablecoin market keeps expanding (now $316B+), but the real shift is where the activity lives. In February, Solana took ~37% of total stablecoin volume, flipping both Ethereum and Tron. At the same time, flow is rotating toward USDC (~72% of volume) – cleaner rails, more institutional usage. Feels like the stack is evolving: Solana = execution layer, USDC = settlement asset. That combo starts to look very real for payments + global flows.