Stablecoin issuance is entering a new growth phase. From Ripple and Robinhood to Klarna and Standard Chartered, major financial platforms, fintechs and institutions are all building around stablecoins. But launching a stablecoin and building a financial ecosystem around it are two very different challenges. One creates the digital dollar. The other puts that capital to work. @Paxos issues trusted, regulated stablecoins. Spark coordinates capital across savings, credit and liquidity to help build financial utility. Together: Trusted Issuance meets Allocation Intelligence. Issuance and financial utility are complementary infrastructure layers. The future belongs to specialist providers working together rather than rebuilding every layer from scratch. More on this soon.