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John1wu
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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
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John1wu
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Stablecoins are effectively a direct stimulus check for the underbanked in America. @SchwabNetwork @SecScottBessent @J_B_Horne
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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:
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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
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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
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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
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