Alok Vasudev
@alok
On stablecoins… What say you?
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Corbin Page
@corbin.eth
Good summary. Def agree that you need distribution and it'll benefit incumbents. JPM has an internal settlement stablecoin that does crazy volume just for their customer accounts in different countries. We're also likely to hit stablecoin saturation in the next few years. Many will launch them...some will get only modest distribution...and then consolidation. Opportunities for "cross-chain Curve" or "FX markets meets crypto" for sure. Then there's the yield piece. Tether keeps all its yield. Cash cow. USDC pays it to Coinbase -> users. So how the yield is generated (t-bills, basis trade, etc) and how it's spent (revenue, user acq, dist, etc) will be interesting and will create opportunities. But distribution is king for stablecoins for sure.
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Benjamin
@0xfunk
The duality of crypto: New assets = disruptive innovation Better ledger for existing assets = sustaining innovation
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Sam (crazy candle person) ✦
@samantha
Figuring this out - but I think identity is a bigger opportunity than stables!
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yashwant🎩
@ywc
- interesting potential impact here is that because being yield bearing makes stablecoins more useful, it can result in net more stablecoins and net more demand for t-bills - payments processing and issuing stablecoins will end up making little or no profits, it's simply too easy and valuable to provide these capabilities for free - opportunities to make more money will follow on from owning the customers eg - unsecured lending
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King DeFi
@kingdefi
Stablecoins are great but we need a true decentralized stablecoins to make it better.
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drew
@funderbrker
the peak opportunity is to create a stablecoin with endogenous value. then the rising tide flows to the ecosystem rather than a centralized business!
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KS Qalb
@qalbi
Using stablecoins as transaction fees will boost their growth. As the @base chain is taking steps for network growth.
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frenlee1234
@frenlee1234
I invested in stable coins and expect significant growth shortly
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