0/ Ethereum is for financial market infrastructure: a guest thread by @malekanoms

Ethereum is the world computer. The universal platform for cryptocurrencies, blockchain apps, stablecoins, and decentralized technologies.

3/ On payments: a big part of the appeal of stablecoins is their unusual cost structure. Unlike TradFi payment rails, crypto networks don’t have a business model per se, only a security model. So while legacy rails look to raise fees, crypto will reduce them

2/ The features in question are streaming payments, omni-asset settlement, programmability, and disintermediation

1/ I recently co-authored a paper with ECB Director General Ulrich Bindseil, exploring how a network like Ethereum has features that represent a leap forward in financial infrastructure and enables financial products that can’t exist on TradFi rails