Summary: Stablecoins are a new type of cryptocurrency that can simplify and reduce the cost of global money transfers by cutting out middlemen. They operate on blockchains, making transactions instant and nearly free, similar to how messaging apps transformed communication. With smart regulations, stablecoins could become a key part of the global financial system, offering an open and efficient alternative to traditional banking.
Highlights
The early internet promised a future where anyone could publish, build, or transact without permission. (View Highlight)
companies like SpaceX are using stablecoins to manage their corporate treasuries (View Highlight)
ScaleAI, are using stablecoins to make faster, cheaper payouts to global workforces. (View Highlight)
Stripe is the first widely used service to offer crypto payments and it is already offering 1.5% on checkout — half what incumbents charge. (View Highlight)
in a competitive, blockchain-based market, I would expect transaction fees to go much lower.) (View Highlight)
In 2024, stablecoins moved $15.6 trillion in value, effectively matching Visa’s volume. (View Highlight)
Stablecoins are our first real shot at doing for money what email did for communication: make it open, instant, and borderless. (View Highlight)
Consider the evolution of text messaging. Before apps like WhatsApp, sending a text across borders meant paying 30 cents per message. Even then, you were lucky if it actually got delivered. Then came internet-native messaging: instant, global, free. (View Highlight)
