Bankless Stablecoin Gold Rush: A $200 Trillion Opportunity | Rob Hadick
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Apr 14, 2025 
Rob Hadick, General Partner at Dragonfly, dives into the booming world of stablecoins—transformative financial instruments poised to unlock a $200 trillion opportunity. He discusses the evolution of stablecoins in cross-border payments, highlighting challenges faced by giants like Circle and Tether. Rob also explores blockchain innovations and the orchestration layers revolutionizing financial infrastructure. Tune in to discover how stablecoins could reshape global finance and the competitive dynamics at play, even among non-USD currencies.
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Stablecoin Tech Stack
- Consider the entire stablecoin tech stack: settlement rails, issuers, liquidity providers, etc.
- This infrastructure is crucial for expanding the utility of stablecoins beyond just trading.
Do the Hard Things
- Focus on the "hard things" in the stablecoin space: compliance, bank relationships, and risk management.
- Building mere API wrappers is no longer a sufficient moat, as it's now much easier to do.
Stablecoin-Specific Blockchains
- Current public blockchains have constraints that limit their effectiveness for stablecoin payments.
- Stablecoin-specific blockchains, with trade-offs like permissioned validators, aim to address these limitations.