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#StablecoinRulesAdvance Stablecoins are starting to look less like crypto products and more like financial infrastructure 👀 The Fed is seeking input on reserve, capital, custody and risk rules, while SoFi is already settling Mastercard transactions with SoFiUSD. What caught my attention is the scale: its card processing could exceed $25B annualized. The next stablecoin race may not be about trading volume. It may be about who becomes the invisible dollar rail behind everyday payments.