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Open original source ↗I could see a world where everyone spins their own Stabecloin rails to compress the cost and take advantage of the yield play if people park money in their account.
You would still pay for other value added services like fraud detection and credit checks but I could see Visa and Mastercard have open bots that do this on a per txn basis.
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@chamath Is your view that the OpenAI’s of the world will spin up their own stablecoin rails to support their AI chatbots, or partner with existing providers like Stripe or (more directly) Circle to move faster and stay within their core competencies? Very different outcomes for Stripe, etc. if so.
MLFiuk ↗