stablecoins

“Guys, this is, this has always been a money market fund. It should be- Treated like a money market fund, and it should be regulated and managed like a money market fund.”

“This certainly feels like a security to me, and I would think the SEC should get involved in regulating this.”

“This is the easiest part of crypto to regulate.”

“I think there is a likelihood there will be alternatives. Yeah. And also I think to your example on stable coins, like that could be an alternative longer term. Also if there are issues with Swift.”

“If it's about indeed cross border type of transactions, we still work with relatively old systems like Swift with all their challenges. They try to innovate. Like that's the area where I would see there is a future for stable coins.”

“No, I think we would consider working with stable coins.”

“And then of course, I don't think that there is a high need for stable coins in well-developed markets.”

“The point is that a lot of companies that you would never think, so for example, SpaceX uses these stable coins.”

“I think stable coins could Quadruple or quintuple by the end of 25.”

“I think stablecoins are going to be a big part of a big part of the solution. I actually don't think that's going to supplant all the consumer-facing networks. I think we're going to see consumer-facing networks It's built upon and that, you know, substantiall…”

“I think the Trump family now just launched, ah, their own stablecoin this week, so you're gonna see 10 stablecoins.”

“So I think as stable coins proliferate to the back office, In a lot of companies, people will figure out, oh, the secret key is actually really important. I need hardware, I need PKI, I need trusted displays, all, all of the security stuff, and they will build…”

“AI agents, I think, are gonna use stablecoins and wallet, crypto wallets.”

“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.”

“So when customers do that, we actually pass along about a hundred percent of the economics to them for holding those stable coins with us.”

“The TAM Of legal electronic money today is about a 120 trillion dollars, and growing because of monetary easing and things like that, but Of that there's about 60 trillion dollars, which is physical cash and non-interest-bearing demand deposits, so kind of wor…”

“Well, so already today there have been trillions of dollars of loans made in stablecoins through DeFi protocols.”

“Yeah, I don't see that. I think this is a lot like other internet platform markets. Like, everyone doesn't need their own data center. Everyone didn't need their own vertical search engines. Yeah. You know, everyone, you know, there are a lot of things that pe…”

“The marginal value of a net new dollar stablecoin coming into the market is essentially zero.”

“In the Philippines, or in Mexico, or in Brazil, or in Japan, and other markets, or Australia, Korea, there are stablecoins coming”