Stablecoins are finally useful for international payments and hold great promise for cross-border transactions.

“The behavior we're seeing right now is that stable coins are most interesting and seeing most adoption where there is some crossb component”

US-regulated stablecoins must maintain 100% of their assets in short-term US treasuries to ensure stability and safety for users.

“Under the Genius Act that got passed into law last year, US regulated stable coins have to have 100% of the assets stored in short-term US treasuries.”

Stablecoins provide a necessary, safe, and programmable way to use dollars on the internet as a native financial infrastructure layer.

“We need a native way to have money on the internet. We need a very safe form of dollars on the internet, and that's what stable coins provide.”

Stablecoins represent the primary killer app in crypto and are projected to grow to a market capitalization of $1.2 trillion by the end of 2028.

“stable coins were already like announced, for example, that remains the killer app inside of crypto. And our projection is that that could grow to like a $1.2 trillion market cap by the end of 2028.”