Dan Romero
@
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
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Dan Romero
@
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.
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Tayyab - d/acc
@tayyab
Yep, and don’t forget that inflation in other countries in the double digits. Dollar is safe asset right now, crypto is easier to obtain than fiat because of gov prevention around it globally.
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Alex Palmer
@thatalexpalmer.eth
@perl
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Homocryptus
@homocryptus
I guess number 1 trend for next bull market will be custom stable coins that can issued by any business, full collateralized by $. (Possible thanks to protocol like COTI and more)
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Hamza Aftab
@hamza
💯 I think the best onramp for the masses is something that is a no brainer: gives some benefit of crypto (even if not 100% benefit) but no downsides. Stablecoins are most close to that so far
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Zac Townsend
@zt
I've had a long-standing idea to build a stablecoin that has a separate yield token, the majority of which is given out to folks for contributing to the community or developing the ecosystem. I find tether and circle so greedy, particularly given your 1.
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Maxwell Goldstein
@goldstein
@perl
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Benji
@benjif
I see then being usurped if a U.S. CBDC ever takes off.
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