@RyanSAdams: Stablecoins are the trojan horse to massive Ethereum adoption

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@RyanSAdams
@RyanSAdams

Hi, you are not bullish enough on ETH. Next week the U.S. senate will vote on the GENIUS stablecoin act - it will get passed. After that, we'll see a tidal wave of trillions in issuance as every fintech, bank, social media rushes into stablecoins - most of these already have the infrastructure - they were waiting on regulatory cover and now they'll have it. This will lead to a massive adoption of crypto wallets - all the stuff we've been building - smart-contract wallets that feel like Venmo. We'll get hundreds of millions of new people on Ethereum and its L2s. Stablecoins lead to DeFi and DeFi leads to holding crypto native store of value assets. No one wants to hold their long-term wealth in dollars. Once onchain, always onchain. Stablecoins will be the money for payment and ETH will be the money for storing value. Stablecoins are a trojan horse to ETH. We have bitcoin all time highs, next is ETH. You are not bullish enough.

vxtwitter.com

Ryan Sean Adams - rsa.eth (@RyanSAdams)

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Ryan S. Adams argues that stablecoins are a trojan horse for massive Ethereum adoption. He predicts the U.S. Senate will pass the GENIUS stablecoin act next week, after which trillions in stablecoin issuance will follow as fintech firms, banks and social media companies move into the market. He expects this to drive adoption of smart-contract wallets and bring hundreds of millions of new users to Ethereum and its L2s, with stablecoins serving as payment money and ETH as the store of value.

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