According to @alice_und_bob, USDC is already centralized, placing issuer control at the core of stablecoin usage and making counterparty and compliance considerations relevant for on-chain execution, source: @alice_und_bob. According to @alice_und_bob, the future market structure will be a network of private and public chains rather than everything running on Ethereum (ETH), directing traders to prioritize cross-chain liquidity routing and settlement over single-chain dominance, source: @alice_und_bob. According to @alice_und_bob, this viewpoint points traders toward monitoring liquidity distribution, fees, and finality across multiple chains and interoperability rails when allocating capital and executing strategies, source: @alice_und_bob.