Anthony Yim (Artemis) on Stablecoin Payments from the Ground Up (EP.629)
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Welcome back to On the Brink. This is Nick Carter. I'm with Anthony Yim, the cofounder of Artemis. Thanks for coming. Thanks
for having me. So
this is a very auspicious day. This is our second report we've done together. That's pretty cool, man. What a great working relationship we have. Thank
you. Yeah. No. When I was when when I thought about the the report, the first person I came to was was you guys. I really enjoyed working with you guys last time and and wanted to I'll do our last last, report and come up with something even cooler. Yeah.
I think this one blows last year's one out of the water. I mean, I think it was very interesting to do an actual survey of stablecoin users, but this is the holy grail. This is what people always ask me about. Is it the same for you? Yeah.
I mean, I do think that the two two, reports are also pretty complimentary. It was, like, qualitative and quantitative. So I don't wanna I also don't wanna, like, poo poo our work from last year. It's it's just, I think they go hand in hand, and and we just have a much clearer picture of of what's going on. And and because just there's just so much BS, like metrics and and stories and sensationalist articles out there that that come up, and I was just tired of it.
Yeah. And, you know, people, skeptics will ask me all the time. Hey. Well, like, okay. We see that there is 10,000,000,000,000 or whatever dollars of stable coin volume a year, but, like, how much of that's real? Like, how much is real payments? So I guess that's the premise of this report. So tell us about how we actually went about getting the answer. Not the answer, but an answer. Yeah.
Well, you know, I think I took a a page from from the Nick Carter book of you can just do things. And so and so, you know, for the last really year, you know, as as a data company, we've been getting asked questions by everyone in in crypto and fintech of, like, hey. How much Steamcoin payments volume is there really? How you know, who's using it? Where are they? And so at some point, I just got tired of having no answer for for people, and I was like, wait, I can just go do things. And I just call up as many, State Point players in in the space and be like, look, you know, we're trying to we'
Yeah. And I I wanna also shout out Dragonfly and Rob Haydock here because Dragonfly are coauthors and partners on the report. But, I mean, I think it's absolutely remarkable. We were able to get 20 different stablecoin payment firms, whatever you wanna call them, plus an additional 11 firms with estimates from from your team's wizardry based on on chain data mainly for a total of 31 firms to participate. I mean, we know there's more, but we still bid off a huge share of the market. What what's your guess of sort of, like, roughly how how much completeness we have in this estimate?
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