The hottest Stablecoins Substack posts right now

And their main takeaways
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Top Finance Topics

Stablecoins: The Next Financial Platform

The Generalist • 2922 implied HN points • 16 Jul 23
💰 Finance Stablecoins Cryptocurrency Business Regulation Innovation
  1. Stablecoins solve real problems like moving value across borders quickly and cheaply.
  2. Stablecoins have signs of product-market fit with $125 billion in circulation and 1 million daily active wallets.
  3. Stablecoins are viewed as a financial infrastructure layer, serving as a platform for open, cheap, and programmable global payments system.

DeFi: Frax Finance completes V3 rollout with on-chain bonds

The Fintech Blueprint • 275 implied HN points • 25 Jan 24
💰 Finance DeFi Digital Assets Stablecoins NFTs
  1. Frax Finance introduces on-chain bonds called FXBs, resembling zero-coupon bonds and converting to FRAX stablecoin upon maturity.
  2. The emergence of interest-bearing stablecoin projects like sFRAX and USDe is likely to shift focus from non-interest paying stablecoins like USDT.
  3. There has been a significant growth in Total Value Locked (TVL) in tokenized securities with U.S. Treasury exposure, reaching around $790MM.

Long Take: How Wise disrupted $150T of Cross-Border Payments and earns $1B in revenue

The Fintech Blueprint • 511 implied HN points • 18 Oct 23
💰 Finance Payments Valuations Stablecoins DeFi Investments
  1. Wise disrupted the costly traditional cross-border payment system by using a peer-to-peer platform and offering transparent, low fees.
  2. The company earned $1.2B in revenue in 2021 with a significant portion coming from its margin on FX transfers.
  3. Wise's growth and profitability are driven by its innovative approach to simplifying and optimizing cross-border transactions.
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Long Take: FDIC consent order vs. $3B banking-as-a-service champion Cross River Bank

The Fintech Blueprint • 609 implied HN points • 03 May 23
💰 Finance Banking Regulation Crypto Stablecoins Financial Crisis
  1. The FDIC is closely monitoring banking practices to ensure systemic stability during a crisis.
  2. Cross River Bank, a $3B banking-as-a-service champion, is under scrutiny and must comply with a consent order.
  3. Regulators are concerned about fintech companies entering the banking sector without proper oversight.

Systemic Incentives

Confronting the Future • 137 implied HN points • 30 Aug 23
💰 Finance Banking Stablecoins Financial system Inclusion Competition
  1. When you deposit money into your checking account, the bank can use it however they want and only pay you a tiny amount, like 0.42% on average.
  2. Using stablecoins backed by short-dated T-bills can eliminate subsidizing risky borrowers, black box bank solvency issues, and slow payment transfers.
  3. Stablecoins may revolutionize the financial system by ensuring users do not subsidize risky borrowers, avoiding complex bank solvency risks, and eliminating legacy payment delays.

PYUSD

Confronting the Future • 137 implied HN points • 07 Aug 23
💰 Finance Blockchain Stablecoins Payments Regulation Crypto
  1. Stablecoins like PYUSD are becoming inevitable in the global financial landscape.
  2. Public blockchains erode monopolies and offer new options for value exchange.
  3. Introduction of PYUSD by PayPal will lead to legislative action, regulatory scrutiny, and talent demand in the stablecoin space.

Zen and the Art of CBDC Analysis (Part 1)

Altered States of Monetary Consciousness • 1 HN point • 13 Feb 23
💰 Finance Central Bank Digital Currency Banking Sector Stablecoins
  1. Economies are supported by layers of money from the government, banking sector, and corporations, providing choices to citizens.
  2. The concept of a cashless society has evolved with the emergence of central bank digital currency (CBDC), sparking increasing interest and discussion.
  3. The development of CBDCs highlights a complex interplay between private sector interests, potential threats to financial stability, and the evolving role of central banks in the modern financial landscape.

Coin Metrics’ State of the Network: Issue 198

Coin Metrics' State of the Network • 0 implied HN points • 14 Mar 23
💰 Finance Stablecoins Cryptocurrency Regulation Digital Assets Market Analysis
  1. Coin Metrics released a report detailing methods to detect fake volume across exchanges.
  2. The FDIC takeover of Silicon Valley Bank impacted stablecoins like USDC and led to market speculation.
  3. On-chain activity surged, especially with stablecoins housed in the Ethereum network, in response to the FDIC's announcement.

Tether’s Ascent: Breaking Down the Dominant Stablecoin's Growth

Coin Metrics' State of the Network • 0 implied HN points • 23 Jan 24
💰 Finance Stablecoins Adoption
  1. Tether's supply has reached new heights, with significant growth and expansion on various blockchain networks.
  2. Tether is gaining popularity in decentralized finance (DeFi) applications, particularly in smart contracts and money markets.
  3. Tether's usage patterns show widespread adoption, especially in emerging markets, and its nature as a stablecoin facilitates trusted digital asset trading on exchanges.