Had a conversation with
@tomwhitty42 , Director of Product at
@gauntlet_xyz , about where non-USD stablecoins are finding traction.
Payments, credit, and RWAs — not speculation.
Euro and Mexican-peso denominated assets are already live, with more LATAM currencies expected to follow.
FX risk disappears when a stablecoin matches the currency of its collateral. That's what's making new credit products viable.