Happy Monday, Blockfolians!
The Lede
It’s been a big year for stablecoins. You’ve got Tether settling with the New York Attorney General, putting a lid on one of the most persistent FUDs in crypto history. You’ve got discussions of central bank digital currencies around the globe.
And as of today, you have one of the world’s most important financial companies – Visa – accepting the fast growing USDC stablecoin as a native currency and final settlement mechanism.
In other words, for the first time, Visa will be accepting USDC as payment – not requiring it to be converted into fiat first. The program is initially limited to a pilot with Crypto.com but should be rolling out more broadly later this year.
Just another step on the path to mass adoption.
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Highly Relevant Reading
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Even a looming crypto ban can’t keep India’s millennials away
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Took former SEC Chair Jay Clayton less than one quarter to start hooking up with crypto firms
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Hello Bitcoin cash-back mortgage program
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Crypto fund flows at their lowest point since last October
Community Commentary
Do you agree with this thesis?
Hello Texas!
Count me in as a crypto law proposal supporter.
It is increasingly being used for transactions and is beginning to go mainstream as an investment. (Fidelity, etc. trying to get Bitcoin ETF).
Texas should lead on this like we did with a gold depository.
A Really Big Number We Should Be Paying Attention To
$20,000,000
That’s the size of a new Tendermint fund for development on Cosmos
Final Thought
So this happened
