▼Race to Bank and Distribute Stablecoin Reserves

Score history

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

Now 84 · -2 since Jul 30 · ranged 84 to 86

Showing the last few days. Unlock full score history.

Why the conviction moved

• Jul 30
  Strengthened +3

  As hundreds of firms issue their own dollars, BNY is building a blockchain transfer agency, Brale says a new protocol can remove a scaling obstacle, and Upbit listed Global Dollar. Established financial firms institutionalizing the plumbing beneath stablecoins is the core reserve-banking-race dynamic, reviving a trend quiet for nine days.

• Jul 21
  Strengthened +3

  HashKey, Kbank and BPMG signed an accord to build a won stablecoin for cross-border settlement, per Polylog macro; established banking and payments players moving to own the cross-border settlement rail is another instance of incumbents institutionalizing stablecoin plumbing.

Showing the last 2 days. Unlock the full record.

Source trail

• Supporting · July 30, 2026

  Stablecoin Issuers Confront Fragmenting Liquidity as Custom Tokens Multiply

  As hundreds of firms issue their own dollars, BNY is building a blockchain transfer agency, Brale says a new protocol can remove a scaling obstacle, and Upbit listed Global Dollar. Established financial firms institutionalizing the plumbing beneath stablecoins is the core reserve-banking-race dynamic, reviving a trend quiet for nine days.

  CoinDesk

• Supporting · July 21, 2026

  Bank of Korea Readies Live Central-Bank Digital Currency Test as Private Firms Push a Won Stablecoin

  HashKey, Kbank and BPMG signed an accord to build a won stablecoin for cross-border settlement, per Polylog macro; established banking and payments players moving to own the cross-border settlement rail is another instance of incumbents institutionalizing stablecoin plumbing.

  CoinDesk (Bank of Korea CBDC)