"We have more credit cards than people."
@AlexLWitt shares why
@VerdaVentures backs stablecoin infrastructure almost entirely outside the US.
"Stablecoins are more of an incremental improvement rather than a zero to one improvement."
"In many cases, these stablecoin infra companies are selling dollars to people who don't have access to dollars."
"As opposed to Circle who is largely selling dollars to people who already have access to dollars."
"We focused on regions where you don't have these embedded incumbents and where the need is much greater."