$1.13 to run 50,000 BENJI transactions on Stellar versus $1.30 per transaction on legacy rails is the part that kills the toll-booth model. With BENJI near $2B AUM, P2P transfers, intraday yield, and MoonPay stablecoin swaps, tokenized MMFs are turning into onchain cash management primitives. Banks still own custody, KYC, and distribution, but the margin pool shifts toward compliance APIs and liquidity routing instead of settlement friction.

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