RT Milk Road (@MilkRoad)The number of unique monthly wallets sending USDC (a stablecoin) on the Ethereum network has hit an all-time high of 1.6 million.The drivers?- Regulation.The EU's MiCA laws are forcing a massive "flight to quality," moving liquidity from USDT to compliant stables like USDC.- Institutions.Big players (like BlackRock) are using Ethereum mainnet to settle tokenized treasury trades.- Utility.While retail trades on L2s, high-value commercial payments are settling on Layer 1. ...