The GENIUS Act is getting signed today, bringing clear rules of the road for stablecoins. Here's why stablecoins are better money, how they're better for people and businesses, and the mental models you can use to understand them. My master thread on stablecoins. 👇

First, stablecoins are better money. They are faster, cheaper, and more global than legacy payments (card, bank, etc). Plus they're easier to program, so entrepreneurs can build better products. That's why stablecoins will eat payments.

Last year, we knew stablecoins would change payments, but we were still early into the narrative. If you want to understand the different types of stablecoins and how they relate to the best historical analogy, bank notes, this is the post for you.

Stablecoins will win because they improve profitability for payment processors AND merchants by simplifying the payment process and reducing middlemen. Everyone benefits except extractive networks.

Stablecoins improve the profitability of the lowest margin businesses the most: restaurants, grocery stores, coffee shops All businesses want to add 2% to their bottom line (profits!). Some businesses can do this by encouraging customers to switch to stablecoin payments.

Stablecoins encourage competition. Entrepreneurs can build better, global products more easily, expanding consumer choice. Just as the cloud made it easier to build a website or a SaaS product, stablecoins will make it easier to build financial products.

Fintechs are already embracing stablecoins. The spring of 2025 was among the most important in payments history as big payments companies began to invest seriously in better money.

There are still problems to be solved (although these problems are easier to address with the GENIUS Act's clear regulation). Stablecoins have clear rules of the road today, but the next step is for stablecoins to "just be money"

We're still early. With clear regulation, entrepreneurs and businesses can improve how stablecoins become part of everyday life by building: credit, remittances, subscriptions, refunds, identity, discounting, PoS integration, onramps, offramps, wallets, foreign exchange, streaming payments, micropayments, compliance, KYC, tax integration, analytics, ERP integration, invoicing,

Today is a great day. The GENIUS Act is inflection point in the history of payments, money, ownership, and financial inclusion. I'm excited about the next chapter. With better, cheaper, faster money, new products, and global access to dollars.

Read all my work on stablecoins here: