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Stablecoins - What Do You Think?

The stablecoin market is just kind of crazy. I'm really curious how these firms are like subsidizing their stablecoins. Like SPF has made a ton of moves during this bear market. They acquired BlockFi, which I don't know the price,. It's up to 240 million, but who knows it's based on a payout system. M has now 7.6% of Robinhood, even though FTX is supposedly not interested in actually trying to acquire Robinhood if they could. Do you see something like aggregating at a bank level where you have something more like USDC? How do you how do you see this going?

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