🔥🧠Kevin O’Leary isn’t sugarcoating it—legacy forex and payments platforms absolutely hate the rise of stablecoins. And why wouldn’t they? Stablecoins are faster, cheaper, and ruthlessly efficient, slicing through the old financial order like a hot knife through butter. At Consensus, O’Leary made it crystal clear: the days of paying inflated forex spreads and waiting days for cross-border settlements are numbered.
The real threat isn’t just technology; it’s that stablecoins expose the inefficiencies and greed baked into the legacy systems. When you can move millions globally in seconds for a fraction of the cost, who in their right mind sticks with old, overpriced services? That’s why legacy players are lobbying harder than ever to slow this inevitable shift. They’re not innovating; they’re defending their turf like cornered dinosaurs in a meteor storm.
But as we know, financial history favors evolution, not stagnation. Stablecoins aren’t just about crypto anymore; they’re a frontline weapon in the battle for financial freedom. While central banks debate digital currencies in endless meetings, the market is already moving. USDC, USDT, and a growing list of payment-focused tokens are quietly becoming the preferred settlement layer for the digital age.
The irony? The same institutions resisting stablecoins will eventually adopt them—because survival will demand it. Just like Kodak tried to resist digital photography, the old payment rails can’t block progress forever.
So, the only real question is: Are you aligning with the future of frictionless finance or still waiting in line at the currency exchange booth like it’s 1995?
Which side of this historic financial divide are you standing on, #AMAGE community?