Trend · Nov 11, 2026 00:10 UTC

self-custody adoption is rewriting assumptions about liquidity conditions: reading the Goldman, Citi tape

Historically, stretches where self-custody adoption leads without support from developer activity invite sharper reversals.

Put beside current chatter on “Goldman, Citi Commit $270M to Their Own Stablecoin: Can Tether and Circle Hold On?,” the incentive problem looks clearer.

Discipline is cheapest before volatility arrives.

Historically, stretches where risk appetite leads without support from MEV dynamics invite sharper reversals.

More insights