Live at 12:00 PM ET / 9:00 AM PT. Today's lineup: - @natalyathakur, CEO of @KnovaFinance - @BTraidman, Co-Founder of HopNow - @LukeTuttle2049, CPTO of @MoneyGram - @SimkinStepan, CEO of @multisig / @altitude x.com/i/broadcasts/1pKkOOeor…

We're excited about the US CLARITY Act. We think all YC companies will use crypto technology, like stablecoins, before long. Not just crypto startups, not just fintech startups, but every company. Here's why this law is such a big deal 🧵 x.com/SenLummis/status/20637…

Visa says stablecoins are 'reshaping the back end' of commerce as it expands AI, tokenization efforts theblock.co/post/404376/visa…

"It's more table stakes at this point. Like you should be using stablecoins." @BTraidman, co-founder of HopNow, on what changed since his years fielding Fortune 100 calls at Coinbase: "Why are we talking to this beverage company? Oh, because they move billions of dollars a day from this country to this country. Is there a better way to do this? Because it takes 30 days to get the money across the border. We're losing 5%." "Now, five years later, they're actually doing some action. So that's why timing is good right now."

We just shipped stablecoins on @CashApp. Everything runs from your existing USD balance - no separate wallet, no managing multiple chains, no extra setup, and importantly no fees. Send and receive USDC on SOL, ETH, POL, and ARB. The most seamless integration in the world imo.

Because then you have to add card fees. Why drag Visa along with us into the future like a software virus?

Amazing time to be alive @astro_reid

Ha!

Once again Coinbase is fighting the good fight on behalf of the entire industry. Prohibiting stablecoin yield is the most egregious act of regulatory capture I've ever seen. Big thank you to @brian_armstrong and @iampaulgrewal for becoming "enemy No. 1" wsj.com/finance/currencies/c…

Good point @patrickc

The stage is being set

Big thanks to @POTUS for his recommitment to getting market structure legislation done.

Confirmo now supports Plasma. @ConfirmoPay processes $80M monthly for enterprise clients across e-commerce, trading, forex, and payroll. Those merchants can now accept USD₮ on Plasma with zero gas fees.

For those who misunderstand what’s at stake in the debate on offering rewards on US-issued stablecoins under the GENIUS Act, a sobering and timely announcement from the People’s Bank of China that they plan to pay interest on the Digital Yuan. 🇨🇳🇨🇳 Tokenization is the future and the GENIUS Act was a visionary move by @POTUS and Congress to ensure US dollar stablecoins issued under US rules would be the primary settlement instrument of the future.🇺🇸🇺🇸 If this issue is mishandled in Senate negotiations on the market structure bill it could hand our global rivals a big assist in giving non-US stablecoins and CBDCs a critical competitive advantage at the worst possible time. Lobbyists for entrenched incumbents will always fight change. It's critical for negotiators to protect the primacy of the US dollar and the US financial system, not just incumbent interests.

Almost on cue, JPM released earnings this morning and reported $25B in net interest income. Thats how much profit a single bank made by not paying savers more. The claim that stablecoins paying interest harms lending is BS.

Our team is heading to @money2020 in Vegas next week 🇺🇸 Drop us a DM if you'll be there too! #money2020USA

JUST IN: 🇹🇭 Thailand has launched TouristDigiPay, a program that lets visitors convert crypto into Thai Baht for local spending. Tourists can pay via QR code, merchants get Baht, not crypto. KYC spending limits apply. Crypto is officially going mainstream in travel

This is great!!!

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Great listen! Adam Traidman from #21MAdvisors and @Vivo_Power #digitalassets