SUPER APP SUMMER
X is building a Super App.
So is Coinbase, Robinhood, Revolut, Kraken, Square, Paypal.
A SuperApp enables:
- Peer to peer payments
- Cross asset class trading
- DeFi
- Alts
- Tokenized equities
The backbone for all of these apps are Stablecoins.
Focusing on the picks and shovels layer is a way to bet on the growth of the Super Apps.
The institutions are here.
Not the JP Morgans, but the next gen players.
Bessent 6/19: ‘Stablecoins could reinforce dollar supremacy’
Ram 6/7: ‘Stablecoins advance US dollar hegemony’
Which ecosystem is levered to stablecoin growth on-chain?
Where we stand today, I’d say:
Ethereum.