Pyth DAO approved OP-PIP-136, sending 100% of its share of Pyth's commercial product revenue into open-market PYTH buybacks. The budget now tracks $11.5 million of recurring revenue, and its market effect depends on how much of the DAO's cut arrives as cash.
Perspective Coverage
3 publishers
- Builder
- Builder 15%
- Operator
- Operator 30%
- Investor
- Investor 55%
Reality
- Evidence60
- Adoption55
- Hype gap+25
- Incentives70
- Confidence60
Allium estimates stablecoins carried $401 billion to $527 billion of payments in 2026's first eight months, far below public-chain transfer totals. That range is a sounder base for valuing a stablecoin payments business, though it covers a different period and market from the 2025 cross-border share and cannot be divided into it.
Reality
- Evidence55
- Adoption35
- Hype gap+5
- Incentives50
- Confidence55
Korean companies paid about $620 million in stablecoins between 2021 and September 2026, Allium data show, through affiliates and partners abroad. Whether that flow returns once Seoul's stablecoin bill arrives depends most on small exporters whose foreign buyers asked to pay this way.
Reality
- Evidence50
- Adoption15
- Hype gap+20
- Incentives60
- Confidence45
Visa says stablecoin-linked card volume grew nearly 200% in a year across more than 160 programs. Its one dollar figure, a $20 billion settlement run rate, counts money moving between Visa and participating institutions, so the size of card spending is still unknown.
Reality
- Evidence45
- Adoption55
- Hype gap+20
- Incentives60
- Confidence50
Pablo Hernandez de Cos told Jackson Hole that tokenized deposits look more promising than stablecoins. The number underneath that judgement is a $307bn float turning over roughly 202 times a year, mostly not for goods.
Reality
- Evidence58
- Adoption54
- Hype gap+36
- Incentives72
- Confidence60