Weekly Roundup 09/19/25 (SEC listing standards, BoE stablecoin limits, Tether’s USAT) (EP.667) – On The Brink with Castle Island

Weekly Roundup 09/19/25 (SEC listing standards, BoE stablecoin limits, Tether’s USAT) (EP.667) – On The Brink with Castle Island — Transcript

Market views

Bullish

COIN— Coinbase is aggressively expanding into traditional finance services, offering comprehensive financial products that make traditional banks obsolete for younger users
TETHER— Tether has exceptional business fundamentals with 99% profit margins and is valued between $50-100 billion as a money printing machine
PREDMKT— Prediction markets are experiencing massive growth with Polymarket valued at $9 billion and Kalshi at $5 billion, benefiting from tax advantages and sports betting migration
GBTC— Grayscale received SEC approval for the first multi-asset crypto ETF including Bitcoin, Ethereum, Solana, Cardano and XRP, marking a significant regulatory breakthrough
STABLES— Stablecoins provide structural benefits for the US government by creating additional demand for treasuries at the short end of the curve

Bearish

TRADFI— Traditional banks are becoming obsolete for younger users who have no reason to use services like Chase when crypto platforms offer superior financial products
UKFIN— UK financial sector faces headwinds from regressive stablecoin regulations limiting holdings to £10-20k for individuals and £10 million for businesses, which will kill the crypto sector in the UK

Not investment advice.