Recent reports and data from Visa and other sources indicate that a significant portion of stablecoin transactions are driven by bots and large-scale traders, rather than by retail investors or real economy applications. Visa's findings suggest that nine out of ten stablecoin transactions involve inorganic activity, primarily through smart contracts and automated systems used in arbitrage, liquidity provision, and market making. Meanwhile, the crypto industry's influence in politics is growing, with crypto sector-backed super PACs raising over $102 million, making them the third most funded PACs in the 2024 election cycle, including $54 million from companies like Coinbase. However, there is debate over whether these figures truly reflect stablecoin adoption or overlook legitimate uses.