Happy Monday, Blockfolians!
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
Even a looming crypto ban can’t keep India’s millennials away
Took former SEC Chair Jay Clayton less than one quarter to start hooking up with crypto firms
Hello Bitcoin cash-back mortgage program
Crypto fund flows at their lowest point since last October
Do you agree with this thesis?
Thesis: any application that shows traction in the crypto industry will, eventually, get built on top of Bitcoin.
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
That’s the size of a new Tendermint fund for development on Cosmos
So this happened