The Weekly Peg: Gearing up for Token2049

Plasma arrives on the scene, and European banks rush to market.

Industry news:

Flow news: Ethereum saw a massive $1.6B inflow into its stablecoin supply, more than all other chains combined. Commentators argued this should reinforce Ethereum’s role as the backbone of on-chain finance — though some pointed out that velocity, not just supply, is the more telling metric of real adoption.