Anthony Yim (Artemis) on Stablecoin Payments from the Ground Up (EP.629)

Bullish:

• $STABLES - Stablecoins are experiencing rapid growth, especially in B2B payments, with significant potential for further expansion. The market is still in its early stages, with stablecoins currently capturing only a small fraction of the total addressable market.

  • “We're very, very early. And it's really exciting to be in stablecoins because I did some rough rough maths. I think for the b to b volume alone, it's been growing something like 400% year over year.”

    Anthony·4:43

  • “And so we're still less than 1% there with stablecoins. And so I think we're exactly around, like, 0.03% or something. So three bit.”

    Anthony·5:18
• $CRYPTOPAY - Crypto payments offer advantages over traditional payment systems, particularly in terms of openness and global accessibility. The speaker's experience with legacy payment systems reinforces their belief in the potential of open finance networks.

  • “We very much believe in in an open, like, finance network. And, you know, I I was a early engineer at Venmo. I firsthand know how awful it is to work with legacy payment systems, that are very locale specific.”

    Anthony·17:30
• $USDT - Tether dominates the stablecoin payment market, accounting for approximately 90% of all payments by volume according to the study discussed.

  • “Generally speaking across the study, I think it's fair to say Tether is about 90% of all the payments by volume. Is that right?”

    Nick·9:41
• $USDC - USDC shows higher adoption rates in certain regions, particularly in India, suggesting potential for growth in specific markets.

  • “USDC has a lot more penetration in India, for example.”

    Nick·10:16