Great thread by @SamBroner on why stablecoins are a game changer. My favorite part: "Stablecoins improve the profitability of the lowest-margin businesses the most: restaurants, grocery stores, coffee shops..." Here's how that could play out in practice: with better margins on payments, small businesses can reward the use of stablecoins while still staying profitable (e.g., offering reward point multipliers for using stables). Said differently, they can earn more AND pass savings from credit or debit card fees on to their customers. That can lead to more repeat business, higher monthly average spend per customer, and ultimately more local economic growth, all without real compromise from the business or the customer. Obviously, there are some tech and adoption curve hurdles to clear in the shor-term, but the long-term upside for both merchants and users is pretty exciting to think about.

And of course as always shoutout to @a16zcrypto for being the best in the game at this type of coverage. Token models, stable coin breakdowns, protocol opportunities...their editorial content is so underrated because people always think about the investment side of the house.