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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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