The stablecoin conversation is stuck on USD dominance. Non-USD stablecoins get dismissed as a footnote, but that's because most analysis stops at supply. At PBW26, we're going beyond the headline metrics. The rise of local currency stablecoins, how they're being used as payment rails, and what this means for institutional digital asset infrastructure? it's all on the agenda. Beyond Dollarization by @Dune in partnership with Visa is the report that goes deepest on this shift. 30x growth in holder addresses. 16x in transfer volume. ~80% payments and treasury flows. Read the full report below.