Morning Edition · Saturday, October 17, 2026Published at 1:38 AM EDT · New York
Dollar stablecoins total $306 billion in circulation per DeFiLlama, but Circle's first-half results show distribution partners capture most of the revenue the reserves earn.

The two largest card networks are adding stablecoin funding routes for businesses. CryptoSlate reports that Visa's Inyo rollout and Mastercard's BVNK platform let companies fund payouts in USDC across a network of about 200 countries, subje…
Track on-chain flows, protocol shifts, stablecoins, and regulation.
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Part of a tracked trend
Race to Bank and Distribute Stablecoin Reserves
Over 3-6 months, established financial and payments firms compete to custody stablecoin reserves and embed stablecoin rails into cross-border settlement, institutionalizing the plumbing beneath stablecoins.
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