maloy1ineth 🐲
@maloy1ineth
The Future of Stablecoins: A New Financial Era 1/ Many expect a power law for stablecoin winners, but it's more complicated than that. We're entering a multi-decade era of financial unbundling and a 'big bang' of stablecoins. Thousands will emerge, potentially leading to the first $1 trillion stablecoin and several worth $10-$100 billion within this decade. Today's dominant stablecoins represent the first generation of stablecoin architecture, akin to the first New York Times website being merely a PDF in 1996.
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maloy1ineth 🐲
@maloy1ineth
2/ Bad News First
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maloy1ineth 🐲
@maloy1ineth
3/ Today’s US Dollar is a far cry from its original asset-backed form. It's based on the fiat standard, leveraging artificial network effects, with inflation spiraling out of control. The US Dollar now buys 2-3 times less than it did four years ago and nine times less than it did in the 1970s
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maloy1ineth 🐲
@maloy1ineth
4/ We are in an inflation pandemic. These lines represent inflation across 30 countries since 1960. Currently, there are five countries worldwide with an inflation rate higher than 100%, and 23 countries exceeding 20%. The cost of sending a $200 international remittance can be as high as $8 to $34, depending on the send/receive corridor. Getting credit often depends on gray markets, resulting in unfair loans, data theft, harassment, and physical harm. The need for safe, stable money has never been more critical
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