**This isn't one company its an entire category**
*Total addressable market*: Visa projects $250 trillion in cross-border transactions by 2027. If stablecoin rails capture even 10% thats $25 trillion flowing through this infrastructure
*The tell*: Three funding rounds in less than a year. Investors competing to get in. Valuations climbing 15-20x annually
Reminds me of Stripe, Square and Adyen in the early 2010s. Same infrastructure pattern playing out. Entire payment system getting rebuilt and companies are seeing explosive growth with obvious product market fit. If you're into private markets this is worth looking at