Balaji: 24/7 Uptime Alone Justifies Stablecoin Market Caps
Balaji Srinivasan · Weekend Special: Elon Recap, Balaji, Chris Dixon, Brian Armstrong, Crypto Day + Thiel Fellows · May 31, 2025 · at 27:23
Balaji Srinivasan (former Coinbase CTO and GP at a16z) discusses why fiat-backed stablecoins have achieved product-market fit compared to legacy banking infrastructure.
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“Well, at a minimum, they're better international wire transfers. That alone justifies their market cap. That's like, Tens of billions of dollars in Marquette because they just save you from 25 dollars and more importantly, you know, banks are only open like nine to five weekdays, right? So like from 40 hours a week uptime to 168 hours a week, which is 24 seven uptime, that's worth a lot.”
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