BVNK’s Post

The companies that control the stablecoin market will wield substantial influence over the future of money. Given these high stakes, we are witnessing intensifying competition among stablecoin issuers, prominent digital wallet providers, and traditional banks, each racing to establish their platform as the dominant one. The stablecoin wars, like the battle for home video, will not be decided by better tech or incumbency, but by the applications. While regulators can make it significantly harder for innovators to compete, they will not be able to stop them forever. In the end, the most likely outcome is one with many stablecoins that fade into the background and deliver lower-cost, faster payments to the world. Christian Catalini Jane Wu, PhD #Payments #Stablecoins #Strategy

Stablecoin ecosystem at a glance. Also good to see a lot of our customers included here.

When I ask myself, "Which market presents the greatest opportunity to bring volume on-chain?" USD payments are impossible to ignore. In 2023, the global payments market was estimated to be $2.64 trillion and is expected to grow to $4.78 trillion by 2029. Despite the size of the USD payments market, it's still plagued with: - High transaction costs - Fragmented and unreliable infrastructure - Multi-day settlements Now, when I ask myself, "What could disrupt this industry and solve these problems?" Naturally stablecoins on-chain like USDC and USDT are well-positioned to solve these problems, capture market share and bring volume on-chain. Are they perfect? No. But they are fast, cheap, and available to anyone around the globe 24/7/365. That last point is more than we can say for USD. Then the question I ask myself is... If stablecoins can solve these problems, what products do developers, consumers, and businesses need to adopt them to continue capturing market share? That's what I'm focusing on and writing about moving forward. If you know of any projects building stablecoin products to solve these problems, please tag them in the comments. I want add them to my list to research and write about in my upcoming newsletter. Don't be shy, please shill me

So, stablecoins... Over the past two months, as wallet service experts, we’ve been working with traditional PSPs to see how blockchains can replace Swift. It’s been delightfully satisfying to take the time to map out the key players, technologies, and scenarios involved 🗺️ What I’ve put together isn’t a stablecoin encyclopedia; it’s more like a quickstart guide, but I think it does the job well enough. You'll tell me! Anyway, I also think it’s time to stop just talking about stablecoins and start showing what they can do. Let’s share examples, tips, mistakes, diagrams, and stories. Anything really that can inspire and help others use them. It’s time to evangelize 💗 Last, I’ve mapped the ecosystem of venues providing stablecoin liquidity, from exchanges and market makers to brokers, banks, issuers, and on/off ramps. If your company isn't listed, feel free to comment or send me a DM. I'd be glad to consider including you in the blog post and ecosystem map. That said, I can’t guarantee a spot. In finance, quality is key, and I need to prioritize reliable companies over personal requests. Hope this helps 👉 https://lnkd.in/eZFnzVHr Stablecoins, let's go! 

This shows the growth over the years of the stablecoin market cap. The most recent number is more than the GDP of over 100 countries. And these stablecoins aren’t sitting idle. In Q2 alone, stablecoins processed more transaction volume than Visa by nearly 2x, with transaction volumes often exceeding trillions of dollars a month. These levels of growth for a technology invented only 6 years ago are staggering. This is the exponential technology we're building on. Stay tuned.

With $7tn in stablecoins settled on blockchains in 2023, many companies are already interacting with them. Especially if they do business in Latin America, South East Asia or Africa, where stablecoin adoption is strong. How can fintechs support their customers with stablecoin payouts? In this article, BVNK’s Richard Harrison covers 3 key use cases: 💡Settling your merchants 💡Consumer payouts  💡Salary payouts As well as key considerations for product leaders who are considering adding this functionality. Learn more: https://bit.ly/3ztzYj0

From what I'm seeing from our clients, stablecoins are serving as the new operating system for money and could reshape the future of finance. How? By challenging banks and payment networks to offer faster and cheaper payments, benefiting consumers. My favorite quote from a recent HBR article (https://lnkd.in/e2dpm9SD): "The stablecoin wars, like the battle for home video, will not be decided by better tech or incumbency, but by the applications. While regulators can make it significantly harder for innovators to compete, they will not be able to stop them forever. In the end, the most likely outcome is one with many stablecoins that fade into the background and deliver lower-cost, faster payments to the world. That would be a victory for consumers and businesses alike, even if not for the existing stablecoin issuers — which may be acquired by banks." It will be up to the leading neobanks and crypto exchanges to try something truly novel, and they may be the ones that actually succeed at changing the game.

❌MYTH #4: Using stablecoins is complicated. ✅REALITY: The technology behind stablecoins can be complex, but using them can be straightforward. Many platforms/wallets make it easy to buy, sell, and use stablecoins. Stablecoins can often be a gateway to digital finance for people new to it. In fact, @tusdio's mission is to make finance open and accessible to all. There's too much misinformation about #stablecoins. What other #stablecoin myths have you heard? Comment below and let's bust them together😎 #StablecoinMythbusting

🚀 Transforming Finance with Britcoin and Smart Contracts! The future of transactions is here, and it's powered by Britcoin. This innovative digital currency, along with smart contracts, is reshaping industries by automating processes and enhancing security. From supply chain management to real estate, the potential applications are vast. 🔗 Discover how Britcoin is streamlining payments, reducing costs, and promoting financial inclusion. Ready to explore the next era of digital finance? For more information, check out the article: Transforming Finance: The Impact of Britcoin and Smart Contracts on Modern Transactions. #FinanceInnovation #Britcoin #SmartContracts #BlockchainRevolution