The David Lin Report 'Fed Could Lose Control': Ava Labs' John Wu On Stablecoin Explosion, Bitcoin Price Collapse
Feb 17, 2026
John Wu, President of Ava Labs — a blockchain entrepreneur and former Wall Street tech investor — talks about the market shifting from early adopters to institutions. He covers the explosive growth of stablecoins and enterprise use cases like loyalty and AI verification. He also discusses macro influences on crypto, institutional behavior, and how Avalanche is positioning as a technology play.
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Jobs Data Tightens Near-Term Liquidity
- Strong jobs data reduces near-term pressure for Fed rate cuts, tightening liquidity for risk assets.
- John Wu expects more cuts than markets price, so macro remains uncertain for crypto flows.
Rationalization Will Produce Clear Winners
- Crypto will undergo rationalization similar to early internet search and app waves.
- Expect a smaller set of chains and tokens with real product-market fit to outperform long-term.
Stablecoins Reached Product-Market Fit
- Stablecoins have achieved product-market fit and now move immense volumes across borders.
- Traditional payment firms and tokenized real-assets are adopting stablecoins for settlement and cross-border flows.