Stablecoins are exploding globally for their real-world applications (the sheer amount of recent announcements across crypto, fintech and traditional finance should indicate as such).
The sooner that the US can pass workable, clear rules, the faster it reaps the benefits of this technology.
The global stablecoin wars have begun — and Ethereum is the battlefield. 🌍💥
Governments are racing to tokenize money to avoid dollar dominance.
Banks want yield.
The U.S. wants trillions in demand for Treasuries.
All roads lead to ETH. 🧱
Ethereum isn’t slow — it’s scaling fast.
It’s not a chain.
It’s monetary gravity.
Coined it on @zora@jessepollak 👇
Arbitrum as an ecosystem continues to show PMF for global stablecoin adoption. 🌎
Yesterday, the Wyoming Stable Token by @wyostable launched on Arbitrum One testnet, among other chains, reinforcing Arbitrum as the home for stablecoins.
Peter Thiel-Backed Plasma Unveils 'HotStuff-Inspired Consensus' For High-Frequency Global Stablecoin Transfers
#Global#Stsblecoins
https://t.co/JjsWxSSD1f
I can't stop thinking about this quote from US Secretary of Treasury Scott Bessent:
[W]e are going to keep the U.S. the dominant reserve currency in the world, and we will use stablecoins to do that.
However big you think stablecoin AUM will get, you're probably thinking too small. So, the question becomes: What does the rest of the crypto market look like if stablecoin AUM is multiple trillions?
Use ENS to Venmo your friends PYUSD on Solana and Ethereum.
If you have a Solana or Ethereum address connected to your ENS name, you can receive PayPal USD (PYUSD) via @Venmo just like that. 💥
President Trump has made it clear from day one that America will be a leader in digital assets, including stablecoins. The Committee is working quickly to deliver on our mutual goals.