this is our last coin price

$billions of btc buying price stuck in $100-110k "must be paper bitcoin selling" here's another paper debunk. the guys buying big ticket amounts of btc are taking delivery: storing with custodians. i know a lot of retail are leaving on exchange, but hard to hide that much paper.

Traditional financial institutions and crypto are converging, led by stablecoins 👇 Benefits: $GLXY $COIN $CRCL $MSTR $SMLR $SBET $DFDV $UPXY $MTPLF

A 🧵 on stablecoins and Ethereum 1/ Stablecoins is the singular most successful crypto product and the only one to move into the "real world" with $250 billion in total assets we are in the earliest days.... (keep reading plz) @fs_insight @SeanMFarrell

Inspired by @raincards and @nook_savings, I started thinking about services that will enable adoption of stablecoins (I called it "The Stablecoin Banking Stack", but please don't laugh, it's a super early version): ✔️ Domestic non-card payments: I think we are far away from central banks settling in stablecoins, so we need a service that would enable incoming and outgoing non-card payments. Should be pretty simple to build: convert USDC to fiat, screen, send over the instant domestic rail like FedNow ✔️ Cross-border payments: someone should build what Wise is building, but with stablecoins as the funding source. Instead of converting stablecoins into fiat and sending it over SWIFT, a service could convert stablecoins into local currency and send over the domestic instant rail. Of course, this could be Wise themselves building such a service. ✔️ Card payments: I am bullish on the adoption of stablecoins in commerce, but this will take time. Thus, we need further evolution of stablecoin-based cards. Especially, charge and credit cards. As I understand, @raincards have figured out how to build native stablecoin cards, we now need lenders to step in and enable credit limits for such cards. ✔️ Savings: current options or earning interest on stablecoins are limited to Coinbase paying rewards on USDC balance, and earning yield on lending protocols (with companies like @nook_savings nicely abstracting the complexity). The next step will probably be in the "deposit tokens", with banks and non-banks stepping in to provide interest-yielding instruments. ✔️ Identity: finally, to enable all of this, we need identity. Payments need to be screened, loan agreements must be enforceable, etc. I believe Coinbase is trying to solve this with Profiles on Base. Reply in the comments if you know any companies already building the above 🙏🏻