Everyone says 2025 will be the big year for stablecoins, with good news coming one after another. But the project $XPL , which specializes in stablecoin settlement layers, is going completely in the opposite direction. This project was extremely popular at the beginning, with TVL soaring from 2 billion to 5.5 billion dollars in a short period of time, and was seen as the infrastructure for the next generation of stablecoins. But now, look at it, the token price has dropped 90% from its peak, and it's been severely hit.