brypto

The bear case of stable coin adoption in the US:

There is so much bull posting on stablecoins. IMO it all comes down to the Bridge acquisition. The assumption is Stripe wouldn’t do it without a master plan. I want to argue why they would buy Bridge haphazardly.

Stripe wants to IPO. It’s common for companies that will IPO to buy some smaller ones.

If they didn’t buy Bridge. When the bankers sell the shares to ETFs, retirement funds etc the threat of stablecoin payments would be looming over their heads.

An investor may discount the value by 15% because of the risk.

To the Stripe founders it’s worth 2% of the company to save 15% of the hair cut and say we have a call option on stablecoin adoption.

Working on building zkTLS infra/products. A ruthless empiricist and meme connoisseur.

/opacity
/eulerlagrange

Disclaimer: This theory assumes Stripe wants to IPO. If that’s not the case then I’m completely wrong.

I will say, within the US specifically, I think stablecoin adoption will win the cases where there is no credit card option.

Cash app, venmo, steam balance etc

But anything where you can pay with CC I don’t think it’ll put a dent in