Consumers will access the risk-free rate via stablecoins within a year
“I think that pretty soon, like, in the next year, any consumer who wants access to the risk-free rate is going to have access to it.”
All corporate treasuries will ultimately move into stablecoins, Abrams predicts
“So I think that ultimately all like corporate treasuries will move into stablecoins.”
Stablecoins will ultimately recede into background infrastructure, predicts Abrams
“There will be, ultimately, these stablecoins will recede into the background purely as infrastructure.”
Stripe's Bridge acquisition is a major bet on stablecoin payments
“The next one that Is obviously really interesting is the Stripe bridge deal. So, you know, that was announced a few months ago and bridge was started by a Brex alum, Zach Abrams. We love him. And that's super interesting, obviously, because it shows Stripe tak…”
Bridge pivoted its initial seed idea after just one month
“We raised in April, so we closed the route in April. And then we pivoted in May. So that's how long idea one lasted.”
Abrams told seed investors Bridge was pivoting without a backup plan
“I actually reached out maybe in, like, late May to one of our investors And I was like, hey, this idea that we raise money on. And I was like, not, I was so stressed. I was like, not sleeping because, you know, it was like these people invest all this money in…”
Products sold exclusively to crypto companies are unlikely to succeed
“One of our realizations was that any crypto product that is, like, sold Two crypto companies is unlikely to be successful. That was, like, my biggest takeaway is, like, they definitely have problems, and there are things that you could build to solve problems …”
Burnout from Square, Coinbase, and Brex prompted Abrams's departure
“Ultimately, I think there's, like, a lot of reason, a lot of, like, micro reasons why, why I left, but the, but sort of, like, now as I reflect on it, I just burnt out. Like, I had, we had basically, we started this company, Sean and I started a company in, li…”
Abrams believed Bridge was unacquirable due to extreme internal stablecoin optimism
“We were, I actually thought that we were unacquirable as a company, because, mostly because we were working in a frontier space, and our belief of how big this space could be has, like, consistently been way more optimistic than everyone else's belief.”
Hays: Passed on early investments in Bridge and Polymarket
“I talked with Zach within six months of him incorporating Bridge, didn't invest. I met Shane from Polymarket, like we would DM back in like, 20, 21, and I didn't go back up the Brinks truck.”