Fidelity's stablecoin is just the beginning. 

Every bank, brokerage, and fintech is thinking about doing the same. Stablecoin legislation passing in the next few months will accelerate this.

The biggest winners will be crypto's brand and Circle/Tether.

wonder how quickly it will make people's onramping into their first non-stablecoin tokens easier as well. since they are already being onramped to stablecoins by trad fi.

playing /bracket, assisting /bracky, talking /greatbooks

i think stablecoins in tradfi will first sit parallel to demand deposits and then eventually replace them. Front-end UX won't change much, and probably won't look like what we think of as crypto

That said, 24/7 access and instant settlement has huge benefits in both tradfi and in onramping to non-stables