RT TBPN (@tbpn)We talked to @mickymalka, the founder of Ribbit Capital and early backer of Coinbase, Robinhood, and Bridge, about what’s coming next."I’m more excited for the next decade than the last."“Everything is a token. We call it the token factory revolution; tokenizing information, money, and power.”AI, payments, and financial services are converging fast, and tokens are becoming the raw material for decision-making, coordination, and access.Micky sees a new stack forming where every company is eith ...

“We think of stablecoins as becoming the most essential core infrastructure of financial services.”@Schuman_io CEO Martin Bruncko joins @coindesk’s @SamEwen and discusses how stablecoins are streamlining global transactions, enhancing financial inclusion, and driving new growth and efficiency in finance. ...

RT CoinDesk (@CoinDesk)🔥 TODAY: Speaking at @Ripple’s Swell 2025, Bitwise CEO @HHorsley claimed:“Traditional financial services and crypto are finally coming together.” https://t.co/pm7EaN3YIG ...

🚨 JUST IN: YouTuber MrBeast has filed a trademark for "MrBeast Financial."The filing suggests he may be preparing to launch a new venture in financial services. https://t.co/7NtUOPeuHg ...

Stablecoin Adoption & Security - Squads products secure $2 billion in stablecoins [1] - Stablecoins are considered the future of financial services [1] Company Focus & Product Suite - Squads is building a full suite of products for stablecoin finance, targeting businesses, consumers, and developers [1] - The company emphasizes security, programmability, and global reach [1]

Circle's Valuation and Analyst Opinion - Bernstein initiated coverage on Circle with a price target of $230, $50 higher than the current price, considering it a must-hold for investors [1] - Concerns exist regarding Circle's valuation, which has increased by 500% since its IPO earlier this month [1] Stablecoin Market and Circle's Position - Stablecoins are viewed as digital dollars on the internet, evolving from a money rail for crypto to a broader internet money rail with implications for payments and financial services [3] - The stablecoin market is projected to grow from $225 billion to $4 trillion over the next decade, based on use cases in crypto, tokenized capital markets, payments, and financial services [4] - Circle, once the Genius Act is passed, is expected to be the largest regulated stablecoin, providing it with a regulatory edge and a significant head start over competitors due to its $61 billion of liquidity [4][5] Circle's Business Model and Revenue Streams - Stablecoins are now defined as payment stablecoins, 100% backed by demand deposits, bank deposits, repos, and US Treasuries, ensuring they maintain a 1:1 peg to the dollar [8] - Circle generates revenue by holding the yield against its stablecoin collateral and enabling infrastructure for the broader ecosystem, facilitating the use of digital dollars for payments and financial services [9] - Circle's revenue streams include float income, influenced by the rate environment, and fee income from the Circle payments network, which is expected to grow over the next 5-10 years [10] Future Growth and Demand - The total demand for stablecoins, driven by various use cases, is expected to offset potential declines in float income due to rate decreases [11][12] - The conviction in Circle's potential stems from the overall demand for stablecoins and the bottom-up industry demand [12]