Stablecoins are on track to settle $5 trillion in 2024, accounting for approximately 50% of all value settled on public blockchains. This equates to $600 for every human being on the planet. Currently, there are over $160 billion in stablecoins in circulation. This surge in stablecoin activity is driven by their role in enabling fast, low-cost global payments and remittances, exemplified by significant remittances to the Philippines. Additionally, Tether's Q2 2024 net income has surpassed major financial institutions like Visa, MasterCard, and Goldman Sachs. The growth and adoption of stablecoins are being discussed in various forums, highlighting their evolving role in the financial ecosystem. Ethereum Layer 2 solutions, such as Celo, are also gaining traction, further supporting the scalability and efficiency of blockchain technology.