The Weekly Peg (2/3): Let a thousand stablecoins bloom
The stablecoin duopoly era is coming to an end. Plus, Delta One makes an appearance.
Catch up: What we missed while we were chasing stablecoin peeps in Singapore last week:
Industry news:
— Visa announces stablecoin prefunding pilot at Sibos.
Key graf: “For decades, moving money across borders has depended on slow, costly systems that tie up capital in advance. With this pilot, Visa Direct is testing stablecoins as a new funding source. The goal: reduce friction, unlock faster access to liquidity, and give financial institutions more flexibility in how they manage global payouts.”
Cash Equivalence take: Prefunding everything is usually very expensive.
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