Everyone's talking about stablecoins lately
What the hell? Not so long ago we were seeing this:
The USDX stablecoin suffered a sharp 63% crash on November 6, dropping from its $1 peg to $0.37.
🥳not THAT stable hah?
Now it's looking fresh and clean. This is with the news we already have.
💰US banks can now apply to become stablecoin issuers under the GENIUS Act signed in July. The FDIC just released the actual application framework yesterday - this is infrastructure going live, not theoretical policy.
💰YouTube already lets U.S. creators get paid in PayPal's PYUSD stablecoin.
💰Stablecoin market cap hit $310 billion this week, up 51% year-to-date. When banks issue, platforms pay in it, and the market doubles in 12 months while Bitcoin crashes, that's not a side bet anymore.
Honestly, I don't want to live in an economy where every service and every country has their own stablecoins that aren't liquid enough to quickly convert into real dollars and go buy a coffee.
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