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Stablecoins used to compete on one metric: Who can build the biggest supply? That game is evolving. Because a dollar sitting unused is just dormant liquidity. The bigger advantage is becoming: > Which chains support you > Which apps integrate you > Where users can borrow against you > Where you can be spent > Who controls the distribution USDT + USDC still lead in overall supply. But newer challengers are fighting on different fronts: > Yield > DeFi collateral. #DailyOrbit