According to @hfangca, the continued scaling of USD-backed stablecoins and stablecoin-powered payment rails will accelerate Bitcoin (BTC) adoption, especially among institutions and sovereign states (source: @hfangca on X, Oct 31, 2025). For traders, this view points to three practical leading indicators for BTC demand and liquidity: growth in USD stablecoin supply such as USDT and USDC, rising on-chain stablecoin settlement volumes across payment rails, and policy or treasury actions by institutions and sovereign entities signaling broader crypto integration (source: @hfangca on X, Oct 31, 2025). The statement was shared on Bitcoin Whitepaper Day, underscoring the thesis that scaled dollar-stablecoin infrastructure can act as a catalyst for the next leg of institutional and sovereign BTC adoption cycles (source: @hfangca on X, Oct 31, 2025).