On Stablecoins and the Future of Money: Most big changes in technology don't announce themselves. For example, email didn't arrive with an announcement, but one day people were mailing letters... and not long after, they were mostly sending messages. Streaming music didn't feel like a total revolution either, it just became easier than the alternative, and eventually the old way started to feel strange. Money may be heading for a similar shift, and stablecoins are one of the clearest signs of it. Let’s look at what already exists: money has been mostly digital for decades: balances in apps, numbers on screens, transfers between banks. But the groundwork underneath is old. Closing on weekends, stopping at borders, and taking days to finish a job. Stablecoins are a newer foundation. They run all day, every day, they move across borders as easily as across a street, and a payment is complete when it lands. Rather than asking "will stablecoins replace banks?" A better question is: “what is becoming of traditional money?” A technology's first uses rarely show its final shape. Early websites were digital brochures, and nobody pictured streaming videos, online banking, or ride-hailing. In the same way, early stablecoins were mostly a tool for people trading crypto. This being said, as time has gone on, they have evolved to look more like ordinary financial instruments that can be used for things like paying suppliers overseas, settling bills instantly, and earning a return on dollars that would otherwise sit still. The yield-bearing versions are interesting. They hint at a future where the line between "money I spend" and "money I save" gets thinner. Today, those are often separate accounts at separate institutions with a delay in between. In a world of programmable money, your dollars can be both: easy to send when you need to and put to work when you don't. #Crypto #Stablecoin #Money #Finance #Future #Cryptocurrency

Stabolut is in Singapore for @token2049. Our founder and CEO, @enekoknorr, is here for the week. Stablecoins have become the hottest topic in the financial industry. Banks, card networks, regulators and payment companies are all working on the same question at once, and over $300 billion already sits in them. That's what we're building on. Our first product is USB, a dollar that pays the person holding it, backed by a diversified reserve held on-chain, with no bank anywhere in the structure. The euro follows, then the yen and the pound. Singapore is the right room for that conversation. More than 99% of stablecoin value is denominated in dollars, while almost half the world's economy runs on something else. If you're attending, send us a message and we'll set up time with Eneko.

Stabolut is in Seoul for Korea Blockchain Week @kbwofficial Our founder @enekoknorr is on the ground this week. Stablecoins are the hottest topic in finance right now. Over $300B sits in them — and more than 99% of that is dollars. That second number is what we're building on. If you're at KBW, DM us.

The ECB wants to scrap MiCA's 30–60% bank-deposit rule for stablecoin reserves. Right call. Then read the other half: extend the yield ban to lending and staking. Issuers get to earn like a T-bill fund. Holders still get zero. The good part first. Forcing 30%, or 60%, of reserves into bank deposits meant a stablecoin run became a bank run. USDC and SVB, March 2023. Swapping that for 1-day and 5-day liquidity buckets in repo and short govvies fixes it. Credit where it's due. The same paper wants the yield ban stretched to lending and staking. That isn't about stability. It keeps stablecoins from looking like deposits, which is the space kept for the digital euro. The numbers. After two years of MiCA, euro stablecoins sit under $1B, about 0.3% of the market. The digital euro won't be issued before 2029 on the ECB's own timeline. Europe is protecting a product that doesn't exist yet from one that barely does.

Stabolut will be in Hong Kong for Bitcoin Asia @Bitcoinconfasia Happy to connect with builders and investors. Ping us if you are around!

❌@BitMartExchange does not allow withdrawals. Your funds are locked. They don't even send you the verification code to your email... They haven't said anything officially but it's happening. 🏴‍☠️And beware of the multiple scammers that offer you help to recover your funds... Never engage with them, use official channels only. #bitmart #withdrawal #funds

Congratulations to Jamie Burke and the Outlier Ventures team on this exciting new milestone!

Congratulations, Jamie and the Outlier Ventures team on this exciting new milestone. Proud for Stabolut to be part of the @oviohq portfolio as we continue building the future of yield-bearing, multi-currency stablecoins.

Stabolut will be at @proofoftalk 🙌 Contact us if you are around!

Another day, another stablecoin-related company acquired.