Another key driver is the rise o f tokenized U.S. Treasuries , whose supply exceeded $3 billion this year, a 10x increase in about two years, showing “significant institutional appetite for yield-backed digital dollars.”“Institutions and fintech platforms are integrating stablecoins as payment and settlement tools. Circle processed more than$12 trillion on-chain transaction volume in 2023, demonstrating how quickly stablecoins are becoming mainstream financial infrastructure.”“Institutions will demand stab ...