12 Page Blog

Key Themes

• Stablecoin growth is booming in the areas of remittance, cross-border, disbursement, and B2B supply chain. 
• Card volumes face no threat as they remain the “last mile” of use and an economic model for stable coin issuers. 
• The STABLE and GENIUS acts are driving significant central bank discussions, with divergent views on response in Europe. 
• Asia is developing differently, with the effectiveness of Ukraine sanctions and fear of dollarization driving central banks to a CBDC approach.
• The value of any network corresponds to the combined investment made by all parties around it. Stablecoin is the fastest-growing network and at the core of most FinTech investments.
• PayPal, and legacy remittance providers are under a substantial near term threat
• Expect big tech and mobile platforms to support stablecoins in new ways (ex recurring payments and emerging markets). 
• A small number of low profit Banking segments are also at risk, as Stablecoin issuers become banks and threaten niche payment providers like Cash App, as well as specialists in categories like MSB, NBFCs, ELMI, …etc.