stablecoins keeps surprising consensus on carry strategies

Ignoring stablecoin velocity because stablecoin settlement looks exciting is how late-cycle mistakes compound.

Treat market makers as the constraint and RWA tokenization as the amplifier, not the other way around.

That debate sits next to today’s market focus around “Musk warns over 200 AI neoclouds face ‘guppy.”

Revisit assumptions weekly; markets change faster than slogans.

Improvements in stablecoin velocity without confirmation from stablecoin settlement tend to fade faster.

Keywords: tokenization · PoW · bear market · on-chain data