Proposed bills in Congress aim to establish clear regulations for stablecoins, requiring them to be fully backed by high-quality, short-term financial products, ensuring users can trust their value.

Stablecoins need to achieve interoperability, allowing users to send stablecoins across different platforms seamlessly. This will create a moment of onboarding similar to what Skype did for video conferencing.

The future of stablecoins will depend on regulatory clarity and the ability of banks and fintechs to adapt to new payment infrastructures, which could lead to increased market share for those who embrace the change.

The current lack of clear regulation around stablecoins is problematic. Entrepreneurs need bright-line rules to foster innovation while ensuring consumer protection and preventing failures like FTX.

The idea of a global currency outside government control is a logical and important step in technological advancement.

The key to unlocking the potential of stablecoins is establishing rules that protect users from failures like FTX, allowing broader participation in the network.

Stablecoins present both opportunities and risks; while they can solve certain problems, they also require proper regulation to ensure consumer protection and market stability.

The internet must remain accessible to everyone, and having a universal currency will drive innovation and speed in building new solutions.

The future of stablecoins is uncertain, but widespread adoption will require incentivizing distribution and creating a competitive marketplace built on decentralized networks.