Andrew Carpenter’s Post

Shared my thoughts with Decrypt on Robinhood and Revolut potentially entering the stablecoin market. Key takeaways: - These fintech giants have the scale to challenge Tether - But Tether's dominance won't be easy to overcome - Success requires more than just a large user base I'm curious if they can crack the code where others haven't. #Fintech #Stablecoins #CryptoMarkets https://lnkd.in/g7AtctmD

Anton Golub; Just as art is in the eye of the beholder, the utility of stablecoins depends on the personal and professional needs of each individual. Revolut's | Nik Storonsky stablecoins may not be for everyone, but they offer valuable options for those seeking stability in their transactions and access to a broader financial ecosystem. The success of these assets is not measured solely by the opinion of a few, but by how each user integrates them into their financial life. Revolut Business Revolut Support SwissAssetDAO

Yesterday’s announcement of Stripe acquiring Bridge sets the stage perfectly for my latest post: Stablecoins 2.0. Stablecoins (or cryptodollars) have emerged as one of the most compelling use cases in the crypto space, with several players trying to disrupt the USDT/USDC duopoly. In this post, I dive into the latest stats and analyze some of the most promising projects pushing monetary innovation forward, including Mountain Protocol, Ondo Finance, PayPal, Agora and M^0 Labs. #stablecoins #defi #fintech

Revolut’s Stablecoin Will Be a Total FAILURE! Here’s Why 👇 Revolut’s launching a stablecoin, and everyone’s hyped up about it. But guess what? It’s going to be an total FAILURE. And if you think differently, you’re delusional. Here’s why: Most people have no idea what stablecoins are really used for! Majority of you think that stablecoins are used for payments and remittances. WRONG! ❌ Let me tell you what they’re really used for - and this comes from ME 😎, someone who has actually built crypto exchange & crypto market maker. Over 90% of stablecoin transactions are done by proprietary trading firms, hedge funds, and market makers to rebalance liquidity between trading venues. Stablecoins exist because the biggest traders in the world need them to move capital FAST, not because Aunt Karen needs to send her grandkids money for Christmas. Revolut is completely missing the point here! If they understood what the market needs, they’d be building a stablecoin designed for liquidity management between trading venues. But they’re not. Instead, they’re going down the same delusional path that PayPal and Ripple have already taken, thinking they’re going to revolutionize retail payments. Retail is NOT where stablecoins thrive. Revolut’s stablecoin will be just another stablecoin that fades into obscurity because they don’t understand the biggest players in the market - the traders, the market makers, and the hedge funds. Real money movers. Look at Tether (USDT) and Circle (USDC) - they’re market leaders because they know who uses their stablecoins. They don’t cater to the public - they cater to the biggest crypto traders in the world. Revolut’s playing a losing game if they think they can compete in this space without understanding this critical point. You think Revolut’s stablecoin will work? You’re wrong. This is just another example of overhyped fintech delusion, and I’m calling it now: it will FAIL. So, what’s your take? Are you with me on this, or are you still drinking the crypto Kool-Aid 🤡? Let me know in the comments 👇. Follow 👉 Anton Golub & share ♻️ with your network

Robinhood and Revolut explore entry into growing stablecoin sector - Crypto - https://lnkd.in/dRaUQ8mb Digital financial platforms Robinhood and Revolut are evaluating their entry into the stablecoin sector, a decision that could significantly transform their business models and expand their presence in the dynamic digital asset ecosystem. According to a recent Bloomberg report, both companies are

Robinhood and Revolut explore entry into growing stablecoin sector - Crypto - https://lnkd.in/dutCvpaV Digital financial platforms Robinhood and Revolut are evaluating their entry into the stablecoin sector, a decision that could significantly transform their business models and expand their presence in the dynamic digital asset ecosystem. According to a recent Bloomberg report, both companies are

A new dawn for Fintech. In the decade since the first stablecoin was minted, they have emerged as a potentially transformative force in global finance and—without a doubt—the clearest case of product-market fit within crypto. As of today, total stablecoin circulation has exploded to over $160 billion, with over 20 million unique wallets transacting with stablecoins on public blockchains every month. Established financial institutions are waking up to their potential as well, with JPMorgan Chase, Mastercard, PayPal, and VISA all adopting or issuing their own stablecoins. Recently, payments behemoth Stripe announced its acquisition of Bridge (a Haun Ventures portfolio company), a two-and-a-half-year-old company using stablecoins to simplify global money movement. https://lnkd.in/gHDmwmQT

It's been a while since I posted one of these, having been head down building at Ondo Finance these last few months.. Whilst the broader crypto market has felt the wrath of volatility, the stablecoin landscape has continued to thrive and celebrate new milestones. This week has been no exception, bringing us a number of exciting developments👇 Societe Generale Just this morning, Societe Generale - FORGE announced plans to deploy its EURCV stablecoin on Solana. Nick Ducoff, followed up the announcement, excited to be working with Guillaume Chatain and team on this initiative. PayPal On Wednesday, Vishal K. Gupta who previously headed up USDC at Circle, announced the launch of TrueX. A new crypto exchange, that will be using PYUSD as its default settlement currency, though they do plan to become stablecoin agnostic post launch. Revolut The UK-based fintech giant, has allowed the buying and selling of crypto for years and recently launched a standalone exchange for experienced traders. It did not come as a surprise, to hear that Revolut is "quite far along" in creating its very own stablecoin. BitGo Matt Ballensweig announced the big news that BitGo will be launching its very own USD backed stablecoin, USDS. 98% of the interest income on the USD deposits will be distributed to the participants that support USDS liquidity. Chainlink Labs x Fireblocks Chainlink and Fireblocks teamed up to accelerate of regulated stablecoin issuance by financial institutions. The packaged solution will support end to end capabilities for issuers across: issuance, data synchronization, compliance, custody, interoperability, liquidity. All of this in one week? crazy right.. I could have carried on, but wanted to provide the juicy insights without making you all read an essay on a Friday. I hope you all have a great weekend 🤝

#Paysafe's SVP of Digital Assets, Micah Kershner weighs in on the digital asset ecosystem in a recent The Fintech Times article examining the challenges that digital currencies need to overcome before achieving widespread acceptance. 👉 Read how he outlines three major areas of progress for companies to focus on, specifically addressing needs of users, merchants, and tax authorities. https://brnw.ch/21wKjDC #ItStartsHere #Fintech #Payments

Revolut Launches Revolut X, a Stand-Alone Crypto Trading Platform for Experienced Traders Leonid Bashlykov, Head of Crypto Exchange Product at Revolut, said: “Today, Revolut is offering the UK’s crypto community the opportunity to engage with more than 100 tokens through a stand-alone, best-in-class exchange platform. We are excited by the introduction of our new crypto product, and believe this top-tier trading platform will change the game for experienced crypto traders, providing them with a safe and accessible place to trade. “We put the customer at the heart of everything we do, and understand that competitive fees as well as easy on and off ramping are at the heart of what experienced traders want from a crypto platform. Revolut X along with our recent partnership with MetaMask, further consolidates our product offering in the world of Web3. Together, we are empowering our customers to further grow their wealth, either in fiat or in crypto.” https://lnkd.in/gyShnJf9 #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews