▲Crypto Volume Shifts Toward the Gulf and Emerging Markets

Score history

Daily conviction score, 0 to 100. Higher means the thesis is more strongly corroborated.

Now 43 · +3 since Sep 13 · ranged 40 to 43

Showing the last few days. Unlock full score history.

Why the conviction moved

• Sep 14
  Strengthened +3

  Circle's $400 million Tazapay purchase was explicitly for emerging-market payment links, and Nu's distribution base is Latin American. The buy-side price signals that the growth corridor issuers are paying up for sits outside the US and EU.

• Sep 12
  Strengthened +2

  An Indian state is drafting a plan to tokenize public infrastructure, arriving alongside the US rulemaking on blockchain shareholder registers. Sub-national governments outside the US and EU initiating tokenization programs is the policy-origination shift the thesis tracks.

Showing the last 2 days. Unlock the full record.

Source trail

• Supporting · September 14, 2026

  Coinbase, Nu and Circle Move to Own the Plumbing Between Banks and Stablecoins

  Circle's $400 million Tazapay purchase was explicitly for emerging-market payment links, and Nu's distribution base is Latin American. The buy-side price signals that the growth corridor issuers are paying up for sits outside the US and EU.

  CryptoSlate

• Supporting · September 12, 2026

  Robinhood's Chief Executive Says Companies Should Not Hold a Veto Over Tokens Tracking Their Shares

  An Indian state is drafting a plan to tokenize public infrastructure, arriving alongside the US rulemaking on blockchain shareholder registers. Sub-national governments outside the US and EU initiating tokenization programs is the policy-origination shift the thesis tracks.

  CoinDesk