According to Mihir (@RhythmicAnalyst), USD-based cryptocurrency adoption is expected to progress primarily on permissioned chains, distinguishing them from unpermissioned blockchains such as Ethereum (ETH), Solana (SOL), and Bitcoin (BTC). This distinction is crucial for traders as it suggests that regulatory-compliant, permissioned blockchain platforms may gain traction for institutional and large-scale USD stablecoin transactions, potentially impacting liquidity and trading volumes on existing unpermissioned chains. Source: Twitter (@RhythmicAnalyst, June 17, 2025).