John1wu

Stablecoins are effectively a direct stimulus check for the underbanked in America.

@SchwabNetwork @SecScottBessent @J_B_Horne

The current system is a mess

Global cross-border payments are slow and expensive,

And it’s built on a network from 1973.

Companies pay a fortune in transfers and exchange rates..

It’s like riding a horse instead of driving a ferrari.

Stablecoins settle in seconds, not days

No intermediaries, just direct transfers

They’re pegged to USD, so no wild price swings or speculation

Just digital dollars.

Need to send money across the world?

It’s instant, secure, and works even in places with weak banking systems

Read more about stablecoins in my op-ed here:

Stablecoins do three big things:

1. Give us a single global transaction record after instant transactions

2. Cut out messy correspondent banking

3. Make commerce & treasury management incredibly simple for businesses

Today, the Senate is set to vote on the first federal stablecoin framework

(GENIUS Act)

This will unlock:

Safe entry into the space for all players

Clear rules for the game

Regular audits

And oversight of large issuers

It’s a good thing.

https://finance.yahoo.com/news/crypto-hails-senate-vote-on-stablecoin-bill-as-a-major-victory-113240488.html

Pretty soon, banks will join the race, issuing and custodying stablecoins and other crypto assets
https://finance.yahoo.com/news/occ-green-lights-crypto-activities-145136334.html

Bergen County NJ will digitize 370K property records

The largest property deed tokenization project in the U.S.

History being made on Avalanche

Thrilled to reconnect with friends and former Tiger colleagues, now crypto leaders: Dan Morehead, founder of Pantera, and Dan Tapiero, founder of 10T.

@dan_pantera @DTAPCAP

Electricity redefined how we communicate

Engines changed transportation

Together, they powered the Second Industrial Revolution

I predict AI and blockchain will have the same affinity.

Looking forward to some great conversations with @coindesk at @consensus2025 tomorrow and Thursday.