📰 Looking for weekend stablecoin reading? I've got you covered ⬇️
It was a historic week for stablecoins, culminating in Circle's oversubscribed IPO which price at $31 but ended the week almost 4X higher at around $115 and a valuation of $25B (almost half of Coinbase).
Clearly investors are starving for exposure to the stablecoin space, and we'll do our best to keep up with the increasing number of developments.
In this week's edition of the Weekly Stable we cover:
• Demand dynamics behind Circle’s IPO
• A framework for understanding global stablecoins
• BVNK’s new partnership with Chinese payments giant LianLian
As well as a round of key product launches and partnerships from dLocal, Ivy, Kraken Digital Asset Exchange, MoonPay, Ripple, Rain, Reveel, Stable Sea, Velocity, zerohash and more.
𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐫𝐞𝐚𝐝𝐬 𝐭𝐡𝐢𝐬 𝐰𝐞𝐞𝐤:
• 𝐁𝐢𝐥𝐥𝐢𝐨𝐧𝐬 𝐭𝐨 𝐓𝐫𝐢𝐥𝐥𝐢𝐨𝐧𝐬: 𝐒𝐭𝐚𝐛𝐥𝐞𝐜𝐨𝐢𝐧 𝐔𝐬𝐞-𝐜𝐚𝐬𝐞𝐬 𝐏𝐨𝐢𝐬𝐞𝐝 𝐭𝐨 𝐄𝐱𝐩𝐚𝐧𝐝 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 by The Block & Global Dollar Network is a comprehensive analysis that examines how enterprises are leveraging stablecoins to address real-world frictions in global finance and highlights key barriers that must be overcome for stablecoins to achieve mainstream adoption.
• 𝐓𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬: 𝐑𝐞𝐬𝐡𝐚𝐩𝐢𝐧𝐠 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐞𝐬 by OKX and Blockworks Research explore how blockchain is set to revolutionize finance, technology, consumer brands, sports and entertainment over the next 25 years, with insights from leaders at Visa, Google, Manchester City, and more.
• 𝐒𝐭𝐚𝐛𝐥𝐞𝐜𝐨𝐢𝐧𝐬: 𝐓𝐡𝐞 𝐏𝐫𝐚𝐜𝐭𝐢𝐭𝐢𝐨𝐧𝐞𝐫’𝐬 𝐆𝐮𝐢𝐝𝐞 by Steakhouse Financial, Rebank, Multiliquid and others, is a comprehensive breakdown of stablecoins, their history and their future, with practical insights for would be issuers.
• In 𝐇𝐨𝐰 𝐬𝐭𝐚𝐛𝐥𝐞𝐜𝐨𝐢𝐧𝐬 𝐛𝐞𝐜𝐨𝐦𝐞 𝐦𝐨𝐧𝐞𝐲: 𝐋𝐢𝐪𝐮𝐢𝐝𝐢𝐭𝐲, 𝐬𝐨𝐯𝐞𝐫𝐞𝐢𝐠𝐧𝐭𝐲, 𝐚𝐧𝐝 𝐜𝐫𝐞𝐝𝐢𝐭, Sam Broner from a16z highlights stablecoins as a transformative force in finance, arguing they can achieve liquidity, sovereignty, and credit functions of money by addressing three key issues: universal fungibility, usability in non-dollar economies, and moving beyond treasury-backed models to improve money velocity.
• In 𝐒𝐭𝐚𝐛𝐥𝐞𝐜𝐨𝐢𝐧 𝐒𝐭𝐚𝐭𝐞 𝐨𝐟 𝐌𝐢𝐧𝐝, Alex Johnson shares insights from attending and speaking at Stablecon, moderating a panel on stablecoin regulation, networking with fintech peers, and reflecting on the optimism, regulatory developments, and challenges surrounding stablecoins.
