> so it might be interesting to share what changed our mind over the past couple of years

I'm guessing the GENIUS Act had something to do with it too? Now that bank depositors have an incentive to hold bank-issued USD stablecoins given their priority in cases of bankruptcy[0], it seems likely there will be a lot more transactions with them as well

0. https://www.congress.gov/bill/119th-congress/senate-bill/158...