Loosely held view: there are three independent trends that seem favorable for stablecoins being the big winner in this crypto winter.

1. High interest rates make it a good biz

2. US federal legislation likely in the next 12 months; would make traditional FIs more comfortable

3. Developer infra being built out now

One scenario is PayPal (+Venmo) and Square (Cash App) allow for USDC send / receive. Now the fintech consumer platforms are as interoperable as Zelle. Add Stripe and Shopify as USDC friendly.

Also means you could in theory create a Visa competitor based on stablecoin rails. Start with e-commerce.

What are the top dev infra companies you are watching?

There are a bunch, but 2 very strong ex-Coinbase teams that deeply understand the fintech / regulatory plumbing (which is the hard part, imo):

building families as ED and cofounder of The Surrogacy Foundation; pfp /beans

Definitely agree that is the most relevant part. Do you consider Chainalysis, TRM Labs and Elliptic in this category?

There are a bunch, but 2 very strong ex-Coinbase teams that deeply understand the fintech / regulatory plumbing (which is the hard part, imo):

https://bridge.xyz

https://www.witheisen.com