Underlooked Components of StablecoinStablecoins are advancing into the core of digital finance. In May 2025, the combined market capitalization climbed to approximately 246 billion dollars, marking the twentieth consecutive month of expansion. Earlier that month, Tether alone surpassed 150 billion dollars in circulating supply. Circle, the issuer of USDC, is preparing to list on the New York Stock Exchange, which signals that traditional capital markets now see stablecoins as a mainstream ass...