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https://warpcast.com/~/channel/stablecoins
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Max
@segall
1/ Making sense of stablecoins 🪙 From Remote's crypto payroll launch to DolarApp's rise to Stripe's acquisition of Bridge, it's been a big year for stables. Today, we're breaking down lessons from helping hundreds of fintechs make use of this exciting new payments infra. https://privy.io/blog/what-are-stablecoins
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Max
@segall
2/ Stablecoins are digital assets that maintain a stable value, like the US dollar. Anyone can go to an issuer like Circle deposit dollars, and receive a digital asset issued onchain in exchange. They're cheaper, faster, and more programmable vs status quo financial infra.
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Max
@segall
3/ How fintechs are using them: Cross-border payments 🌏 International bank transfers and remittances cost anywhere between 1-4% in fees. Companies like FelixPago are proving that stablecoin routes can result in dozens of basis points of savings on every dollar, which adds up!
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Max
@segall
4/ How fintechs are using them: Dollar access 💵 Stablecoins give people the ability to store dollar-denominated assets, globally. This means, users in emerging markets get a stable store of value, and payout platforms can maintain stickier relationships with recipients.
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Max
@segall
5/ How fintechs are using them: Ancillary financial services 📈 Holders can access a much more open and competitive yield market (vs. localized banks beholden to central bank interest rates). Fintechs can decide whether to pass these savings to users or keep spread as revenue.
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