The crypto space is caught in the wrong debate. Everyone's fixated on which stablecoin dominates, but that's missing the real game board entirely. The actual battleground isn't about stablecoin supremacy—it's about who builds the compliant infrastructure layer underneath. While the market obsesses over USDT, USDC, and other stable assets, the infrastructure players are quietly shaping how the entire ecosystem will operate. That's where the real power lies.