The Ledger, every show
Every statement that passed quotation and attribution checks, across all 44 shows. Pick shows below, then mix any filter with any other.
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Abrams: US dollar stablecoins will maintain outsized dominance forever
“I think you're going to see while like, you know, fiat US dollars are x percent of the global market, stablecoin US dollars are going to be, you know, way more forever.”
Trading will shrink to 5% of the stablecoin market, Abrams predicts
“That being said, I think that the trading use, use case was like a hundred percent of the market two years ago was 80% of the market today, and, you know, will be five percent of the market in, in some number of years.”
All corporate treasuries will ultimately move into stablecoins, Abrams predicts
“So I think that ultimately all like corporate treasuries will move into stablecoins.”
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.”
Abrams: There will not be separate company blockchains for Stripe or JPMorgan
“There's not a world where there's like a JP Morgan chain and a Stripe chain and a Bank of America chain and there's like a thousand, you know, unique company, company blockchains. That's not going to happen.”
Abrams: Open-source stablecoin rails will outperform traditional financial stacks over time
“The companies who are building on top of this are behind today, but basically making a bet that the cumulative power of all the builders in the world is going to create a better application over N years.”
Local currency stablecoins will reach 20% market share, Abrams predicts
“But I do think we, and I hope we get to local stablecoins being 15, 20% of the market, because you need them transactionally in all these markets, and you want to have alternative FX markets, and you want people to be able to store in local currencies.”
Abrams: European MiCA compliance will tighten and look very different in five years
“And then over time they're going to clamp down and the, what it looks like to be compliant in Europe will probably be different, very different in five years versus today.”
Abrams: Simultaneous card authorizations against a crypto balance can double-spend
“If during the exact same moment, two transactions are authorized at the exact same time on the same card from the same balance, then both would, in theory, be approved.”
Stablecoins will ultimately recede into background infrastructure, predicts Abrams
“There will be, ultimately, these stablecoins will recede into the background purely as infrastructure.”
The post-FTX crypto fallout wiped out Bridge’s competitors for a year
“What happened was like over the course of a year, there were like, you know, a whole bunch of failures in the space and their company was impacted by it, indirectly impacted by FTX and so on. And that essentially just, like, nuked the competitive landscape for…”
Bridge launched the exact week SVB collapsed and USDC depegged
“The one thing that was, like, truly existential, Was when SVB went under, and USDC depegged, because, and that was the week that we launched.”
Bridge grew 20% to 50% month-over-month leading up to its acquisition
“I mean, we were probably pretty consistently growing somewhere between
20 and 50% a month.”
The Stripe acquisition announcement actively accelerated Bridge's developer growth
“It's meaningfully accelerated the rate at which we've been, like, Acquiring developers and they've been launching and scaling and so on, which has been super exciting to see.”
Bridge took 18 hours to disburse tens of thousands of aid payments
“First time we did an aid payment disbursement, we were working with the US government to disperse aid payments into LATAM. We were sending tens of thousands of payments, which was like a lot for us. It's not that much for Stripe. It took us like 18 hours to se…”
FTX had obscure APIs that easily converted between stablecoins
“When we were first building the product, FTX had a bunch of APIs that nobody really knew about, but we kind of discovered that made it easy to convert between stable coins.”
Signing Bitso in mid-2023 became a major inflection point for Bridge
“And then we, like, maybe in, like, June or something, we ended up signing Bitso, which is the largest exchange in LATAM, and then Bitso became, like, kind of like a big enterprise customer for us, and we started You know, we launched with them in September and…”