Index › Finance › Treasury and cash › Stablecoin platforms › Enterprise · November 2026 Edition

Stablecoin platforms for enterprise buyers

Asked as “stablecoin payments platform”, and as “stablecoin infrastructure provider”, on behalf of an enterprise B2B company. 54 first choices recorded across the direct, paraphrase, budget and scale prompts, fourteen models each. Added to the November 2026 Edition.
Standing · first-choice share
28%
Contested · Circle 17%
28BVNK17Circle15Fireblocks41others

28% of first choices, contested.

Since October 2026▼−11Since October 2026: 39% → 28%, −11 points. Past the 10-point floor: movement.BVNK held the lead, −11 points on 39%, past the floor.

By buyer segment

The same question asked on behalf of a different buyer. Each standing is computed within its segment; they sit side by side and are never added together.

The standing

Share is the count of first choices across the direct, paraphrase, budget and scale prompts, over all fourteen models, for an enterprise B2B company. Ordered by share.
ProductFirst-choice shareNegative rateLabelsQuadrantSince October 2026
01BVNK28%4%48accepted challenger▼−11Since October 2026: 39% → 28%, −11 points. Past the 10-point floor: movement.39% → 28%
02Circle17%5%44accepted challenger▲+3Since October 2026: 14% → 17%, +3 points. Inside the 10-point floor: within noise.14% → 17%
03Fireblocks15%3%35accepted challenger▲+5Since October 2026: 10% → 15%, +5 points. Inside the 10-point floor: within noise.10% → 15%
04Bridge6%4%26accepted challenger▼−4Since October 2026: 10% → 6%, −4 points. Inside the 10-point floor: within noise.10% → 6%
05Stripe Crypto4%12%25accepted challenger▼−2Since October 2026: 6% → 4%, −2 points. Inside the 10-point floor: within noise.6% → 4%
Show the four products at 0%, ordered by negative rate
09Tether0%94%16criticized challenger=heldSince October 2026: 0% → 0%, ±0 points. Inside the 10-point floor: within noise.0% → 0%
06Paxos0%11%19accepted challenger=heldSince October 2026: 0% → 0%, ±0 points. Inside the 10-point floor: within noise.0% → 0%
08Zero Hash0%0%13accepted challenger=heldSince October 2026: 0% → 0%, ±0 points. Inside the 10-point floor: within noise.0% → 0%
07Ripple Payments0%0%11accepted challenger=heldSince October 2026: 0% → 0%, ±0 points. Inside the 10-point floor: within noise.0% → 0%

The floor is 10 points of share, measured: how far the models move a leader on their own when the same questions are asked twice with nothing changed. A larger change is movement; a smaller one can't be told apart from repeat variation, and both are shown. Each index measures its own floor from its own repeat, over its own categories, so the floor differs from one index to the next. Both editions asked the same fourteen models. How the floor is measured

Bars are the share of first choices, 0 to 100Every product with at least 10 labels here. Every product name links to its product page.
Head to headHead-to-head pages are published for mid-market buyers, so these open on mid-market figures, not enterprise.
All twenty-one head-to-head pages: the top seven products, each against each

Recommended versus criticized

Every product with at least 10 labels here, on both axes. The 30% line names a quadrant, not the verdict above: that one needs more than 40%.

Criticized challengerCriticized default
Negative label rate →
01
02
03
04
05
06
07
Z08
T09
Accepted challengerEndorsed leader
0%First-choice share → · lines at 30% share and 25% negative40%
Key
01BVNK28%
02Circle17%
03Fireblocks15%
04Bridge6%
05Stripe Crypto4%
06Paxos0%
07Ripple Payments0%
08Zero Hash0%
09Tether0%

What they warned about

Two of fourteen models held their first choice under the paraphrase. Claude Haiku 4.5, GPT-5.4 mini, Gemini 3.5 Flash, Grok 4.20, Mistral Small, DeepSeek V4 Flash, Llama 4 Maverick, Qwen 3.7 Flash, Kimi K2, MiniMax M2.5, GPT-6 Luna and Muse Glimmer 30B changed. A high negative share on a product with few labels is a warning. A low share on a product with many labels is salience, not sentiment.
Tether
94%
15 of 16 labels negative · 10 of 14 models · 4 hard negative
“Tether's USD stablecoin has reportedly enabled billions of dollars in sanctions evasion globally” Claude Haiku 4.5, negative prompt
TerraUSD
100%
5 of 5 labels negative · 5 of 14 models · 5 hard negative
“TerraUSD collapsed in 2022, and Tether has been criticized for its lack of transparency and potential compliance issues.” Llama 4 Maverick, negative prompt
DAI
100%
5 of 5 labels negative · 5 of 14 models
“Decentralized / Crypto-Collateralized Stablecoins (*Moderate Caution*) * Examples: DAI / USDS” Gemini 3.5 Flash, negative prompt
USDe
100%
4 of 4 labels negative · 4 of 14 models · 3 hard negative
“newer variants (e.g., USDe, frxUSD, crvUSD, newer Sky ecosystem products) still operate with similar dynamic-supply or basis-trade designs” GLM 4.7 FlashX, negative prompt

What they cite

Fourteen of the fourteen models returned a source list in this edition: five return the pages they cited and nine the search results they consulted.

Sites the answers cite

76 of 84 answers in this category came back with a source list, from 14 of 14 models: citations where the model returns them, or the search results it consulted. 956 links across 283 sites, every framing counted. Ranked by the number of answers carrying the site or page. 7 of the 252 answers across every segment cited this index's own page for the category; the method page measures whether that reading tilts an answer.

vendor site · OSL32 answers · 37 citations · 11 models
vendor site · Stripe25 answers · 43 citations · 12 models
vendor site · Circle22 answers · 40 citations · 10 models
22 answers · 36 citations · 11 models
vendor site · BVNK20 answers · 35 citations · 9 models
vendor site · PhotonPay18 answers · 24 citations · 10 models
vendor site · Fireblocks15 answers · 38 citations · 10 models
vendor site · Eco14 answers · 26 citations · 8 models
13 answers · 14 citations · 8 models
13 answers · 13 citations · 7 models
13 answers · 13 citations · 8 models
11 answers · 12 citations · 8 models

Pages the answers cite

The ten pages named in the most answers, by full address. A page here is one the models returned with a recommendation, not one the index endorses.

Search against answers

Each company's standing in the answers beside its site's footprint in Google search, one row a site: the products the models named on it with their shares, and the share they add up to; monthly searches on Google, and DataForSEO's estimate of AI search demand (modeled from search signals, directional, not a count of queries to any assistant), for the most-searched of the company's and its products' names (the name is in each row's hover text); estimated monthly organic visits to the site; and its best position in Google's top ten for “best stablecoin payments platform”, “stablecoin payments platform”, “stablecoin platforms”. US estimates from DataForSEO and Google's Ads Transparency Center. A small company's site, or a mid-sized company's site for its flagship, is marked company; a product on a large parent's site (Google, Microsoft) has no site figures. A column with no figures for this category is left out, and an empty cell means none were seen, not none exist. Two measurements side by side: neither is read as the cause of the other.
Company and productsShareOwn site citedName searches, GoogleAI search demand, est.Organic visitsPaid search a month, est.Google ads, last 30 daysBest Google position
BVNK bvnk.com28%1072,900814,0325
Circle circle.com
Circle 17%, Circle Payments Network 6%
22%99301,000242,52878,4928
Fireblocks fireblocks.com15%515,4005569,31718
Bridge bridge.xyz6%61246,000465,8883,449$1,713337
Eco eco.com6%1449,50061,65223,2361
Stripe parent site
Stripe Crypto 4%
4%80823,000102,741
PhotonPay photonpay.com4%215
Notabene Flow notabene.id2%3
Request Finance requestfinance.com2%36170351660
Rise2%

Google's top ten for the three searches hold 25 sites; 5 of them are among the sites the models cited here (eco.com, linkedin.com, photonpay.com, stablecoininsider.org, stripe.com). The first result for “best stablecoin payments platform” is eco.com.

How they answered

Six framings of the same buying question, each sent to every model in a fresh session with search on. One row per model, so a row shows whether it held its answer under rewording, what it named when cost was the constraint, and what it argued against. Computed from the raw judge labels.
ShowHide
ModelDirect“What is the best stablecoin payments platform for an enterprise B2B company?”Paraphrase“Which stablecoin infrastructure provider would you recommend to a large B2B company with thousands of employees?”Comparative“What are the top enterprise-grade stablecoin platforms and how do they differ?”Budget-constrained“What is the best stablecoin payments platform for a large company that needs predictable total cost across thousands of users?”Scale-constrained“We are a 5,000 person company with SSO, SOC 2 and procurement review requirements evaluating a stablecoin payments platform. What should we look at?”Negative“Which stablecoin platforms should a large enterprise avoid or be cautious about?”
Claude Haiku 4.5BVNK
Three alternativesCircle, Eco, Fireblocks
against: Stripe Crypto
RiseChanged
Three alternativesBVNK, Crossmint, Papaya Global
Bridge.xyz
Seven alternativesBVNK, Circle, Coinbase Commerce, Crossmint, Fireblocks, MassPay, Paxos
BVNK, Eco
One alternativeCircle
no first choiceagainst: Tether
GPT-5.4 miniCircle Payments Network
Two alternativesFireblocks, Stripe Stablecoin Payments
FireblocksChanged
Three alternativesCircle Payments Network, MoonPay, Zero Hash
Circle, Paxos
Two alternativesRipple Payments, Stellar
Circle
Three alternativesBVNK, Fireblocks, Stripe Stablecoin Payments
against: MoonPay, Ramp Network, Transak, zerohash
Circle
One alternativeStripe Crypto
against: TrustToken/TrueCoin
Gemini 3.5 FlashBVNK, Bridge
Six alternativesCircle, Conduit, Due, Fireblocks, Stripe Crypto, Triple-A
FireblocksChanged
Four alternativesBVNK, Bridge, Circle, Paxos
Bridge, Paxos
Seven alternativesBVNK, Circle, Cobo, Crossmint, Fireblocks, HIFI, Zero Hash
Bridge, Coinbase Developer Platform
Three alternativesBVNK, Conduit, Helio
no first choiceagainst: DAI, Djed, Ethena USDe, First Digital USD, LUSD, TerraUSD/UST, Tether, USDD, USDS, crvUSD
Perplexity SonarBVNK
Five alternativesCircle, Conduit, PhotonPay, Stripe Crypto, Zero Hash
BVNKHeld
Four alternativesCircle, Fireblocks, MassPay plus Coinbase, Utila
Circle
Eight alternativesBVNK, Bridge, Cobo, Crossmint, Fireblocks, Paxos, Stripe Crypto, Zero Hash
Speed
One alternativeStablerail
against: BVNK, Bridge, Conduit
no first choiceagainst: Tether, USDT
Grok 4.20Circle
Four alternativesBVNK, Ripple Payments, Stripe Crypto, Triple-A
against: Conduit, Eco, Fireblocks
FireblocksChanged
Four alternativesBridge, Circle, Paxos, Ripple Payments
Circle
Five alternativesAnchorage Digital, BVNK, Fireblocks, Paxos, Ripple Payments
against: Tether
Fireblocks
Two alternativesBVNK, Modern Treasury
against: Circle, Stripe Bridge, Tempo
Circle
Two alternativesPaxos, Stripe Crypto
against: Tether
against: DAI from MakerDAO, Frax, TerraUSD/UST, Tether, TrueUSD
Mistral SmallNotabene Flow
Three alternativesBVNK, Circle, PhotonPay
Circle, FireblocksChanged
Three alternativesBVNK, Eco, Rhino.fi
Circle
Five alternativesBVNK, Bridge, Fireblocks, Paxos, Stripe Crypto
Request Finance
Two alternativesBVNK, OSL BizPay
no first choiceagainst: Basis Cash, DAI, Empty Set Dollar, Ethena USDe, Frax, TerraUSD, Tether, TrueUSD, USDD
DeepSeek V4 FlashBridge
Four alternativesBVNK, Circle, Fireblocks, Notabene Flow
CircleChanged
Three alternativesBVNK, Fireblocks, Zero Hash
Circle
Four alternativesBVNK, Bridge, Fireblocks, Paxos
BVNK
Two alternativesCircle Payments Network, Stripe Crypto
no first choiceagainst: DAI, GHO, Paxos, Terra/UST, USDT, USDe, crvUSD, frxUSD
Llama 4 MaverickPhotonPay
One alternativeBVNK
Damex, HopNowChangedno first choicePhotonPay
Three alternativesMerge, OSL BizPay, Stablerail
no first choiceagainst: TerraUSD, Tether
Qwen 3.7 FlashBVNK
Three alternativesCircle, Mural Pay, Notabene Flow
Circle, FireblocksChanged
Five alternativesAnchorage Digital, Chainlink, Coinbase Prime, Deel, Stripe Crypto
against: Tether
Circle
Four alternativesFireblocks, Ripple Payments, Stripe Crypto, Tether
Eco
Two alternativesCircle, Stripe Bridge
BVNK
Two alternativesRain.xyz, Stripe Crypto
against: Circle, Curve `FRAX` v3, Ethena `USDe`, First Digital `FDUSD`, Paxos, Tether
Kimi K2BVNK
Three alternativesCircle, Fireblocks, Ripple Payments
FireblocksChanged
Three alternativesCircle, Paxos, Utila
Circle, Paxos
Four alternativesBridge, Hedera Stablecoin Studio, PayPal, Stripe Crypto
against: Tether
Circle, Stripe Cryptoagainst: BVNK, Request Financeno first choiceagainst: USDTagainst: DAI, Frax, TerraUSD, Tether, TrueUSD, USDe
GLM 4.7 FlashXBVNK
Two alternativesCircle Payments Network, Triple A
against: Stripe Crypto
BVNKHeld
One alternativeFireblocks
Circle
Seven alternativesAnchorage Digital, BVNK, BitGo, Brale, Fireblocks, Paxos, Ripple Payments
against: Tether
Stripe Crypto
Three alternativesOSL BizPay, SettleBolt, Speed
no first choiceagainst: DAI, PayPal USD, TerraUSD, Tether, USD Coin, USDe, crvUSD, frxUSD
MiniMax M2.5BVNK
One alternativeCircle
against: Stripe Crypto
Circle, FireblocksChanged
Two alternativesBridge, Mercury
Bridge, Paxos
Four alternativesBVNK, Circle, Fireblocks, Ripple Payments
PYMSTR
Three alternativesBVNK, Fireblocks, Stripe Crypto
no first choiceagainst: Binance, Tether
GPT-6 LunaCircle Payments Network
Two alternativesBVNK, Bridge
BVNKChanged
Two alternativesBridge, Circle
Bridge
Seven alternativesCircle Mint, Fireblocks, Mastercard Global Money Platform, Paxos, RLUSD, Ripple Payments, zerohash
Request Network
One alternativeStripe Crypto
no first choiceagainst: TerraUSD, USDC, USDT
Muse Glimmer 30BBVNK, Circle Payments Network
Six alternativesBridge, Fireblocks, Mural Pay, Paxos, PhotonPay, Request Finance
BVNKChanged
Three alternativesCircle, Fireblocks, Rise
Circle Internet Financial Ltd., Paxos Trust Company
Seven alternativesBVNK, Bitpanda Enterprise Stablecoin, Bridge, Fireblocks Ltd., JPMorgan Chase, Kaleido, MoonPay Enterprise Issue
Eco
One alternativeRequest Finance
no first choiceagainst: Binance BUSD, GHO, Tether USDT, USDe, UST, crvUSD, frxUSD formerly FRAX
Bold is the first choiceAlternatives are counted; the count opens them.What the answer argued against

The record

One row per call: the version string exactly as returned, whether the model searched, sources cited, and latency.
Eighty-four rows: every prompt, every model, every answer.
PromptModelVersion stringTime (UTC)SearchedSourcesLatency
Direct recommendationClaude Haiku 4.5claude-haiku-4-5-202510012026-11-01 09:14yes1611 s
Direct recommendationGPT-5.4 minigpt-5.4-mini-2026-03-172026-11-01 11:46yes45 s
Direct recommendationGemini 3.5 Flashgemini-3.6-flash (asked for gemini-3.5-flash; the API answered as this version)2026-11-01 11:48yes1120 s
Direct recommendationPerplexity Sonarsonar2026-11-01 10:05yes104 s
Direct recommendationGrok 4.20spacexai/grok-4.20-non-reasoning via xai2026-11-01 13:16yes1534 s
Direct recommendationMistral Smallmistral/mistral-small via mistral2026-11-01 08:47yes53 s
Direct recommendationDeepSeek V4 Flashdeepseek/deepseek-v4-flash via deepinfra2026-11-01 09:56yes2327 s
Direct recommendationLlama 4 Maverickmeta/llama-4-maverick via bedrock2026-11-01 12:31yes53 s
Direct recommendationQwen 3.7 Flashalibaba/qwen3.7-flash via alibaba2026-11-01 08:47yes1038 s
Direct recommendationKimi K2moonshotai/kimi-k2 via novita2026-11-01 08:44yes932 s
Direct recommendationGLM 4.7 FlashXzai/glm-4.7-flashx via zai2026-11-01 09:00yes2243 s
Direct recommendationMiniMax M2.5minimax/minimax-m2.5 via minimax2026-11-01 09:30yes1043 s
Direct recommendationGPT-6 Lunagpt-6-luna2026-11-01 11:37yes416 s
Direct recommendationMuse Glimmer 30Bmeta/muse-glimmer-30b via togetherai2026-11-01 11:56yes1524 s
ParaphraseClaude Haiku 4.5claude-haiku-4-5-202510012026-11-01 11:49yes1810 s
ParaphraseGPT-5.4 minigpt-5.4-mini-2026-03-172026-11-01 11:32yes45 s
ParaphraseGemini 3.5 Flashgemini-3.6-flash (asked for gemini-3.5-flash; the API answered as this version)2026-11-01 09:58no018 s
ParaphrasePerplexity Sonarsonar2026-11-01 10:25yes103 s
ParaphraseGrok 4.20spacexai/grok-4.20-non-reasoning via xai2026-11-01 13:08yes1029 s
ParaphraseMistral Smallmistral/mistral-small via mistral2026-11-01 08:47yes54 s
ParaphraseDeepSeek V4 Flashdeepseek/deepseek-v4-flash via deepinfra2026-11-01 11:18yes2525 s
ParaphraseLlama 4 Maverickmeta/llama-4-maverick via bedrock2026-11-01 10:27yes52 s
ParaphraseQwen 3.7 Flashalibaba/qwen3.7-flash via alibaba2026-11-01 11:11no029 s
ParaphraseKimi K2moonshotai/kimi-k2 via novita2026-11-01 12:50yes1433 s
ParaphraseGLM 4.7 FlashXzai/glm-4.7-flashx via zai2026-11-01 08:57yes2547 s
ParaphraseMiniMax M2.5minimax/minimax-m2.5 via minimax2026-11-01 12:28no012 s
ParaphraseGPT-6 Lunagpt-6-luna2026-11-01 10:35yes315 s
ParaphraseMuse Glimmer 30Bmeta/muse-glimmer-30b via togetherai2026-11-01 12:44yes1519 s
ComparativeClaude Haiku 4.5claude-haiku-4-5-202510012026-11-01 10:34yes99 s
ComparativeGPT-5.4 minigpt-5.4-mini-2026-03-172026-11-01 12:33yes49 s
ComparativeGemini 3.5 Flashgemini-3.6-flash (asked for gemini-3.5-flash; the API answered as this version)2026-11-01 11:39yes1129 s
ComparativePerplexity Sonarsonar2026-11-01 09:23yes107 s
ComparativeGrok 4.20spacexai/grok-4.20-non-reasoning via xai2026-11-01 13:20yes535 s
ComparativeMistral Smallmistral/mistral-small via mistral2026-11-01 12:51yes56 s
ComparativeDeepSeek V4 Flashdeepseek/deepseek-v4-flash via deepinfra2026-11-01 09:29yes2434 s
ComparativeLlama 4 Maverickmeta/llama-4-maverick via bedrock2026-11-01 08:38yes52 s
ComparativeQwen 3.7 Flashalibaba/qwen3.7-flash via alibaba2026-11-01 10:08yes1425 s
ComparativeKimi K2moonshotai/kimi-k2 via novita2026-11-01 11:05yes2440 s
ComparativeGLM 4.7 FlashXzai/glm-4.7-flashx via zai2026-11-01 10:02yes1942 s
ComparativeMiniMax M2.5minimax/minimax-m2.5 via minimax2026-11-01 08:54yes1552 s
ComparativeGPT-6 Lunagpt-6-luna2026-11-01 08:46yes728 s
ComparativeMuse Glimmer 30Bmeta/muse-glimmer-30b via togetherai2026-11-01 11:37yes1435 s
Budget constrainedClaude Haiku 4.5claude-haiku-4-5-202510012026-11-01 10:07yes1810 s
Budget constrainedGPT-5.4 minigpt-5.4-mini-2026-03-172026-11-01 12:51no03 s
Budget constrainedGemini 3.5 Flashgemini-3.6-flash (asked for gemini-3.5-flash; the API answered as this version)2026-11-01 10:59no014 s
Budget constrainedPerplexity Sonarsonar2026-11-01 11:53yes104 s
Budget constrainedGrok 4.20spacexai/grok-4.20-non-reasoning via xai2026-11-01 13:19yes1432 s
Budget constrainedMistral Smallmistral/mistral-small via mistral2026-11-01 12:58yes55 s
Budget constrainedDeepSeek V4 Flashdeepseek/deepseek-v4-flash via deepinfra2026-11-01 12:55yes2438 s
Budget constrainedLlama 4 Maverickmeta/llama-4-maverick via bedrock2026-11-01 11:21yes53 s
Budget constrainedQwen 3.7 Flashalibaba/qwen3.7-flash via alibaba2026-11-01 10:24yes526 s
Budget constrainedKimi K2moonshotai/kimi-k2 via novita2026-11-01 09:04yes2532 s
Budget constrainedGLM 4.7 FlashXzai/glm-4.7-flashx via zai2026-11-01 12:34yes2494 s
Budget constrainedMiniMax M2.5minimax/minimax-m2.5 via minimax2026-11-01 11:32yes1556 s
Budget constrainedGPT-6 Lunagpt-6-luna2026-11-01 10:52yes213 s
Budget constrainedMuse Glimmer 30Bmeta/muse-glimmer-30b via togetherai2026-11-01 10:41yes2233 s
Scale constrainedClaude Haiku 4.5claude-haiku-4-5-202510012026-11-01 12:28yes1913 s
Scale constrainedGPT-5.4 minigpt-5.4-mini-2026-03-172026-11-01 10:14yes58 s
Scale constrainedGemini 3.5 Flashgemini-3.6-flash (asked for gemini-3.5-flash; the API answered as this version)2026-11-01 08:56no016 s
Scale constrainedPerplexity Sonarsonar2026-11-01 11:18yes109 s
Scale constrainedGrok 4.20spacexai/grok-4.20-non-reasoning via xai2026-11-01 13:20yes1539 s
Scale constrainedMistral Smallmistral/mistral-small via mistral2026-11-01 09:55no08 s
Scale constrainedDeepSeek V4 Flashdeepseek/deepseek-v4-flash via deepinfra2026-11-01 12:58yes2341 s
Scale constrainedLlama 4 Maverickmeta/llama-4-maverick via bedrock2026-11-01 09:38yes54 s
Scale constrainedQwen 3.7 Flashalibaba/qwen3.7-flash via alibaba2026-11-01 11:39yes532 s
Scale constrainedKimi K2moonshotai/kimi-k2 via novita2026-11-01 09:06yes2434 s
Scale constrainedGLM 4.7 FlashXzai/glm-4.7-flashx via zai2026-11-01 11:28yes14120 s
Scale constrainedMiniMax M2.5minimax/minimax-m2.5 via minimax2026-11-01 11:11yes1538 s
Scale constrainedGPT-6 Lunagpt-6-luna2026-11-01 12:00yes322 s
Scale constrainedMuse Glimmer 30Bmeta/muse-glimmer-30b via togetherai2026-11-01 10:55yes1523 s
Negative framingClaude Haiku 4.5claude-haiku-4-5-202510012026-11-01 12:13yes189 s
Negative framingGPT-5.4 minigpt-5.4-mini-2026-03-172026-11-01 12:52yes47 s
Negative framingGemini 3.5 Flashgemini-3.6-flash (asked for gemini-3.5-flash; the API answered as this version)2026-11-01 12:51yes1029 s
Negative framingPerplexity Sonarsonar2026-11-01 11:00yes106 s
Negative framingGrok 4.20spacexai/grok-4.20-non-reasoning via xai2026-11-01 13:20yes1034 s
Negative framingMistral Smallmistral/mistral-small via mistral2026-11-01 09:51yes107 s
Negative framingDeepSeek V4 Flashdeepseek/deepseek-v4-flash via deepinfra2026-11-01 09:52yes2433 s
Negative framingLlama 4 Maverickmeta/llama-4-maverick via bedrock2026-11-01 12:00yes53 s
Negative framingQwen 3.7 Flashalibaba/qwen3.7-flash via alibaba2026-11-01 10:35yes1463 s
Negative framingKimi K2moonshotai/kimi-k2 via novita2026-11-01 11:19yes2437 s
Negative framingGLM 4.7 FlashXzai/glm-4.7-flashx via zai2026-11-01 12:15yes2555 s
Negative framingMiniMax M2.5minimax/minimax-m2.5 via minimax2026-11-01 09:13no026 s
Negative framingGPT-6 Lunagpt-6-luna2026-11-01 09:53yes622 s
Negative framingMuse Glimmer 30Bmeta/muse-glimmer-30b via togetherai2026-11-01 11:29yes1530 s

Normalization in this category

Every judgment call made between the raw labels and the numbers above, listed so it is visible and reversible.

ShowHide
Category-scoped readings
Ethena (USDe) read as Ethena USDe
Ripple read as Ripple Payments
Ripple (RLUSD) read as Ripple Payments
Ripple (Ripple Payments) read as Ripple Payments
Ripple (RippleNet + RLUSD) read as Ripple Payments
Ripple (XRP Ledger & RLUSD) read as Ripple Payments
Ripple (via Ripple Payments and RLUSD stablecoin) read as Ripple Payments
Stripe read as Stripe Crypto
Stripe (Bridge) read as Stripe Crypto
Stripe (via Bridge Acquisition) read as Stripe Crypto
Stripe (via Bridge acquisition) read as Stripe Crypto
Stripe (via Bridge integration) read as Stripe Crypto
Stripe (via Bridge) read as Stripe Crypto
Stripe (with Bridge integration) read as Stripe Crypto
Stripe Stablecoin read as Stripe Stablecoin Payments
Unresolved, counted raw
Anchorage Digital Bank
Binance BUSD
Bitpanda Enterprise Stablecoin
Chainlink
Circle Internet Financial Ltd.
Clearance House
Cregis/Cobo/BitGo
Curve `FRAX` v3
DAI from MakerDAO
Djed
Empty Set Dollar
Ethena `USDe`
Fireblocks Ltd.
First Digital USD (FDUSD)
First Digital `FDUSD`
Gemini USD
HIFI
Hedera Stablecoin Studio
HopNow
JPM Coin
Kaleido
LUSD (Liquity)
MassPay plus Coinbase
Mitsubishi UFJ Financial Group
MoonPay Enterprise Issue
Paxos Trust Company
Paxos USD
Rain.xyz
Ramp Network
Rhino.fi
Rise
SettleBolt
Societe Generale
Societe Generale's EURCV
Stripe's stablecoin offering
Terra/UST
Triple A
TrustToken/TrueCoin
frxUSD formerly FRAX
Discontinued, still offered
No shut-down product was recommended here.
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