Zach
@zherring
Honestly I view this as admitting that they don't have the expertise to invest in more exotic crypto plays. Stablecoins has clear PMF w/ the size and vol that's needed for a VC win in terms of equity vs token warrant. I respect that they're honest with the game they're playing.
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Jayeharrill.eth
@ferns
It’s because a startup working with stablecoins are more likely to find a path to liquidity via equity vs tokens.
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Zach
@zherring
Agreed! That's what I was trying to get at re: equity vs. token warrant. They don't want 5% of BodenWifHat, they want 5% of Circle.
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