Deep in $FRAX / $cvxFXS. It hurts.
Could be the worst entry in history — or the best.
Team hasn't stopped. Stablecoin infrastructure doesn't care about the price chart.
I'm not moving, not worth it. I bet @samkazemian wouldn't abandon @fraxfinance
People are probably giving LLMs too much credit. Every industrial revolution—electricity, cars, the internet—hit just as hard when it was new. Then the hype wore off, life went back to normal, and the hard problems were still there.
Same thing will happen with AI. Once the novelty fades, people will circle back to crypto and blockchain. Not because they're trendy again, but because the real questions—who gets what, who can verify it, who sets the rules—were never about intelligence in the first place.
Stablecoins are becoming a base layer of the modern economy. They shouldn’t be treated as simple commodities, but as critical infrastructure—the monetary substrate on which higher‑level financial applications are built. So what should the future stablecoin look like?
To answer that, we can borrow lessons from the big data industry.
One of the foundational papers of the big data era, “The Google File System”, showed how to build a resilient distributed filesystem on top of cheap, unreliable commodity machines. As memory became cheaper, we began mapping files directly into RAM, making computation dramatically faster. The result was a data infrastructure that is scalable, fault-tolerant, and incredibly performant.
We can reinterpret the core properties of a resilient distributed filesystem in the context of stablecoins:
Scalable – A future-proof stablecoin lives natively on blockchains and inherits their horizontal scalability: multiple chains, many issuers, global reach.
Unified – Liquidity should not be fractured across incompatible silos. A next-generation stablecoin feels like a single, unified pool of value, not dozens of isolated ponds.
Resilient – Like a fault-tolerant filesystem, it should be robust to individual component failures. Collateral or issuer problems shouldn’t immediately translate into systemic depegs.
Fast – On-chain settlement is already far faster than traditional rails; the future stablecoin system should embrace this “in‑memory” feel: instant, programmable, always-on.
Protocols that manage to build stablecoins with these properties won’t just issue another token. They’ll provide the monetary infrastructure layer—the AWS‑equivalent for the financial and data economy that’s being built on-chain.
Tagging several galaxy brains whom I learned from. @LucaProsperi@samkazemian@reginatto@fraxfinance@m0