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Money's Public Cloud Moment
Stablecoins are functioning as the public cloud layer for global money movement, abstracting away legacy banking friction.
What: Stablecoins have reached a maturity point where they are providing a standardized, programmable infrastructure for the global transfer of value, mirroring how cloud services abstracted hardware for software development.
Why it matters: This framing shifts the perception of stablecoins from speculative crypto assets to foundational utility-focused middleware for financial services.
Decoder
- Stablecoin: A cryptocurrency pegged to a stable reserve asset, like the US dollar, designed to minimize price volatility.
Original article
Stablecoins are the public cloud moment for global money movement.
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