Stablecoins have gone global. The real story isn't speculation—it's infrastructure. Real-world adoption is driving stablecoins to become the backbone of international settlement, exactly what a16z's latest crypto report highlights. We're looking at actual use cases, not just hype. What comes next? Sovereign digital currencies. Projects building at the base layer with compliance-first approaches are positioning themselves for this transition. Neutral infrastructure, proper regulation, scalable foundations. That's where the next wave moves.