দৃশ্যই রাজা

মূল্যের গতি: উৎপাদন থেকে অর্থপূর্ণতা

মনসা-মটিরওয়ালা, I’ve years in market structure analysis—especially crypto. The truth? Stablecoin value isn’t born in vaults anymore. It’s created where money actually moves—real business processes.

When Circle went public, everyone saw $5B valuation. But the real shift? From issuance dominance to application supremacy.

You can’t scale minting forever. But you can scale trust—with utility.

5টি শক্তি:খেলারপরিবর্তন

1. ডিসট্রিবিউশনকস—USDC-এ 50% net interest Coinbase-এ pay kore distributed hote.
2. নেটওয়ার্কএফেক्ट—USDT 76%, USDC 16%. New entrants face uphill battle.
3. নিয়মকানুন—Hong Kong/Singapore now reward use cases, not just issuance.
4. ব্যবহারকারীদেরচাহিদা—stability + solutions like faster payments, auto financing, yield without risk.
5. অসহজভাবেবিকল—minting fees alone won’t survive inflationary reserve competition.

We’re in stage three: Practical Value Era. Stop asking “How many tokens?” Start asking “What does it do for my business?”

Moneyskilled Now: Three Core Scenes

1. B2B Cross-Border Payments — Beyond Speed & Cost

digital dollars aren’t enough. Fix broken systems:

• Settlement currency risk (up to 3% loss)
• Siloed liquidity across regions
• No automation in trade finance (e.g., letters of credit)

Stablecoins enable programmable payments: pay only when goods ship. Use multi-currency pools for real-time hedging. Automate credit checks via smart contracts. But legal enforceability of smart contracts across borders remains murky—and legacy ERP systems still run on paper-based flows.

2. Real World Asset (RWA) Tokenization — Bridging Physical & Digital Wealth

crypto meets bricks-and-mortar—but only if you solve three hard problems:

• Chain-linking asset ownership (how do tokens represent actual property?)
• Oracle reliability (how do we input price or rent data without fraud?)
• Multi-jurisdictional compliance (is this a security? A commodity?) The stablecoin becomes the native fuel for RWA ecosystems—the bridge between traditional finance and blockchain efficiency. a rental yield? Automatically paid every month via smart contract. The asset as collateral? Instantly used for leverage in DeFi protocols—no middlemen needed. The future isn’t speculation—it’s reinventing capital access for real estate, infrastructure, even private equity. The key? Only end-to-end platform builders—not just issuers—will capture this shift.

3. TradFi ↔ DeFi Connectors — The Silent Revolution

The most underreported trend? The rise of hybrid corporate treasury strategies: a company keeps operational funds in banks, sends surplus liquidity via stablecoins into DeFi, to earn yield while maintaining compliance and control. a few enterprises already run this dual-system model—one that blends safety with opportunity.I call it “day-night cash management” —and it’s spreading fast across APAC firms.I’ve interviewed CFOs who say they’d rather lose one day of yield than miss out on long-term structural advantage.In short: stability doesn’t mean stagnation—it means smarter deployment.