Elon should launch a stablecoin.

It's always been his vision to build a payments platform. Stablecoins are how he accomplishes that goal.

X has 650 million MAUs, 500 million of which are outside the US.

A stablecoin would give these 500 million users access to US dollars and the ability to send these dollars to any other X user.

This would make X one of the largest (the largest?) financial services platforms in the world.

It would instantly rival the Venmos/Cash Apps of the world, and both the legacy banks and the new digital banks. 

On the financial side, X is barely breakeven and a stablecoin would create a cash flow machine (Tether made $13 billion in profits last year).

Plus USDX is a clean ticker.

Building @blockworks, reading @blockworksres, hosting the Empire podcast

Seems like the near term plan is fiat payments. But assume crypto will happen eventually.

Working on Farcaster and Warpcast. Longer thoughts at https://dwr.email

Haven’t been on here in awhile. The Warpcast wallet is a very nice addition. 

Embedded wallets into social profiles is clearly the future.

I can't imagine that he'd publicly disclose the assets that back the stablecoin given that the company isn't public.