Stablecoins settled over $6T last yearโjust 3% of global cross-border payments. This is only the beginning.
Traditional remittance services charge anywhere from 6-9% in fees and can take days to settle. Stablecoins move instantly, with minimal fees and the ability to transact
Stablecoin rules shouldnโt play favorites.
Iโve just sent a letter to Congress backing @CSBSNewsโs push to keep state-regulated issuers in the game.
The GENIUS & STABLE Acts should support fair competition, consumer protection, and innovation.
My full letter:
We just witnessed the most significant leap forward for crypto legislation in US history.
Crypto just went 3 for 3 in Congress.
โ GENIUS Act
โ CLARITY Act
โ Anti-CBDC Act
Bullish on America. Bullish on Builders.
Big step for developers on @MoonPay & @iron today - @Mastercard has been an exceptional partner as we take things to the next level!
Stablecoins will be become spendable in over 150M locations where Mastercard is accepted.
Cryptocurrency wallets will be embedded in every
We power billions in stablecoin volume at @moonpay
The legislation being discussed in DC will shape the ecosystemโs future and we all must speak up: excluding Tether would be shortsighted.
My take below โฆ
Privileging U.S.-based stablecoin issuers over issuers abroad is shortsighted and will stifle innovation, says MoonPay CEO @ivanhodl.
Opinion.
trib.al/NMKm8es
๐งต Today, on a bipartisan basis, the Senate passed its first piece of major legislation this Congress with my bill -- the GENIUS Act.
ย
With GENIUS, the United States is one step closer to becoming the crypto capital of the world. (1/7)