stablecoin settlement is fragmenting desk risk limits

Discipline is cheapest before volatility arrives.
Against the backdrop of “Is $1.5 Trillion Too Much for Anthropic? Some IPO Investors Think So” and “World Liberty's WLFI Buyback Could Draw on Stablecoin Reserve Income”, positioning still matters more than slogans.
Historically, stretches where user retention leads without support from stablecoin velocity invite sharper reversals.
Historically, stretches where funding rates leads without support from Asia session flows invite sharper reversals.
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