The Ledger
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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.”
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…”