Stablecoins working at scale significantly accelerates crypto as the future of the financial system. All financial services will need to be (re)built for this ecosystem. This is a once in a generation platform shift. The major pillars of the future of finance are up for grabs.

This new financial system grows from two opposite ends of the demographic barbell: 1) Developed world investors on one end, and 2) Developing world consumers/businesses whose alternatives are significantly worse on the other

This can be a challenging dynamic to navigate for those building products. In some cases these demographics need wildly different products, in others the same product is best due to network effects.

Some of these products will be copied from tradfi, some bridged from tradfi, others entirely novel. Some will be off-chain, some on-chain, most hybrid.

The potential rewards are tremendous. Crypto-based services can often operate globally, allowing them to reach scales not otherwise possible and far quicker, consolidating fragmented markets in the process.

This is a classic dynamic in internet-based disruptions in other categories. Consolidate, transform, and expand.