317,621 stablecoin payments in 30 days, and every single one was USDC

A complete census of a payment network where every transaction settles on-chain: 317,621 paid calls in 30 days, 100.00% denominated in USDC, 100.00% on Base. Median payment $0.009 — half are under a cent, below the fixed component of card interchange. Small, extremely concentrated, and measured rather than asserted. Dataset and reproduction script included. — Read the full piece on Tenjin:…