According to the source, Reid Hoffman stated strong support for stablecoins. Source: public social media post dated Nov 6, 2025. Trading relevance and what to monitor: - USDT and USDC net issuance and market caps to track fiat inflows/outflows into crypto. Sources: Tether Transparency page; Circle monthly attestations. - Exchange stablecoin reserves versus BTC and ETH order-book depth to gauge potential buy-side liquidity. Sources: CryptoQuant exchange reserves; Kaiko order-book depth. - On-chain stablecoin transfer volumes and share of Ethereum gas usage to assess utilization. Sources: Glassnode stablecoin transfer volume; Etherscan gas tracker. - DEX stablecoin pool depth, spreads, and utilization as stress indicators for liquidity conditions. Sources: DeFiLlama pool analytics; Curve pool statistics. - BTC and ETH futures basis/funding versus stablecoin borrow rates to identify leverage buildup or de-risking. Sources: Deribit basis/funding data; Aave USDT/USDC borrow rates.