Been following the stablecoin space closely for a while and this one genuinely caught me off guard. Not the TradFi entry itself, that felt inevitable after the Genius Act passed. What I didn’t see coming was Ripple and Solana sitting at the table with Visa, BlackRock, and Stripe to build the thing that’s designed to undercut the existing crypto-native stablecoin leaders.

Circle’s stock dropped double digits on the announcement. Tether wasn’t invited either. The consortium returns yield to partners instead of keeping it, which is a direct attack on the business model that made both of them dominant.

The part I keep coming back to is whether Ripple and Solana made the right call here. Joining gives them a seat at the table with the biggest financial institutions in the world. But they also just helped commoditize an infrastructure layer that crypto built from scratch.

Amazon and Walmart are apparently building their own stablecoins separately on top of all this.

Curious how people here are feeling about it. Is this crypto growing up and going mainstream or is it crypto getting eaten alive by the institutions it was supposed to disrupt?

submitted by /u/ArcanuMELO [link] [comments]r/CryptoCurrencyRead More

You might also be interested in reading Polkadot price prediction ahead of tokenomics upgrade capping DOT supply.