US session flows is underpricing liquidity conditions: reading the Stablecoin governance tape

A clean chart can hide a crowded trade.
Put beside current chatter on “Stablecoin governance group behind OUSD sets out management fee, offers equity earning pool,” the incentive problem looks clearer.
A clean chart can hide a crowded trade.
The healthier setup is alignment: US session flows improving while macro liquidity stays orderly.
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