The point about stablecoins needing abstraction resonantes. Most people dont care if they're using USDC or Tether, they just want dollars that move fast. The geopolitical angle with US private stablecoins vs China's CBDC is facinating too. I wonder how regulators will handle the consolidation Jake predicts, since payment rails usualy end up with just a few dominat players but crypto was suposed to be decentralized.
![[99%Tech]](https://substackcdn.com/image/fetch/$s_!Vpj7!,w_80,h_80,c_fill,f_webp,q_auto:good,fl_progressive:steep,g_auto/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F288cd65c-980f-4acb-8182-1853ec1e444d_1280x1280.png)
The point about stablecoins needing abstraction resonantes. Most people dont care if they're using USDC or Tether, they just want dollars that move fast. The geopolitical angle with US private stablecoins vs China's CBDC is facinating too. I wonder how regulators will handle the consolidation Jake predicts, since payment rails usualy end up with just a few dominat players but crypto was suposed to be decentralized.
Love this!