Three hundred billion dollars locked in stablecoins—but they're just sitting there. The real story isn't the size of the pool; it's what we do with it.

Fintech already proved it works: people embrace self-custody when the UX stops getting in the way. Then came the wake-up calls. FTX imploded. Celsius crashed. Celsius went under. Suddenly, "trust us with your keys" became a hard sell.

Here's what's shifting. The technology for abstraction is finally mature enough. Users can custody their own assets without the friction that made centralized platforms seem necessary. Meanwhile, regulators are moving in a direction that makes sense: they're signaling favor toward non-custodial structures.

The conditions are aligned. The timing matters. Now is when it clicks.