Interesting take from StanChart on where we might be heading. They're flagging that the U.S. Treasury could ramp up T-Bill issuance while stablecoins are eyeing that $2 trillion market cap milestone. The connection here is pretty straightforward - if Treasury bills become more accessible and attractive, it changes the game for how stablecoins compete for capital and liquidity. Right now stablecoins are still finding their footing in terms of regulatory clarity, but this kind of institutional infrastructure development could actually accelerate adoption. The stable coin bill situation in Congress has been moving slowly, but moves like increased T-Bill availability suggest the broader financial system is starting to make room for digital assets. When you look at stablecoin growth trajectory, a lot of it hinges on whether traditional finance tools and crypto rails can coexist smoothly. This Treasury angle is basically saying yeah, they're probably going to coexist. If stablecoins do hit that $2 trillion range, we're talking about a completely different scale of market integration. Worth keeping an eye on how the next few quarters play out on both the regulatory and issuance fronts.