Vice Chairman @coinbase; fmr GC Citadel Securities, SEC Senior Advisor, White House Atty | law, politics, crypto & Duke bball (not necessarily in that order)
People need money to work for them - not the other way around. A payment sent Friday shouldn't wait until Monday, and transfer fees shouldn't bleed families dry.
Nearly 3/4 of stablecoin volume moves outside banking hours, and remittance costs can be 86% lower.
It's time to bring our financial system into the modern era.
Your life doesn’t run on banking hours, your money shouldn’t either.
Stablecoins already meet that bar – with most volume moving on nights, weekends and holidays.
73% of volume to be exact.
And that’s just one of the findings from our new research with @TheBlockCo ↓