CRCLon has more wallets than USAT despite similar market caps around $140M, which suggests retail distribution is forming earlier than liquidity.

That is a different growth curve than stablecoins, which scale volume first and users later. Here, users are showing up before deep liquidity, which usually signals stronger long-term stickiness.

If that trend continues, tokenized stocks could expand through adoption density first, not just capital inflows.
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