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Episode #165: Stablecoins Reshaping Global Commerce - Onsite from the Bitso Stablecoin Conference

Live panel discussion explores the role of stablecoins in commerce from reserve assets to commodity trading

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Olá pessoal!

Today’s podcast episode is a panel discussion I moderated at Bitso Business’ Stablecoin Conference in Mexico City, featuring Monica Ramirez (Anchorage Digital), Nick Philpott (Zodiac Markets), and Peter Wexler (Visa).

Our conversation explored how stablecoins have evolved from crypto trading tools to essential infrastructure for global commerce.

We highlight critical regulatory developments, particularly the U.S. Genesis Act, which have opened doors for mainstream adoption by providing the regulatory clarity banks and institutions have long sought. This legislation, combined with similar frameworks like Europe's MiCA, is creating a foundation for global stablecoin commerce.

Key Themes Discussed:

  • Commodities Financing Revolution: Zodia Markets processes $30-40 billion annually in USD stablecoins, with individual transactions reaching $155 million for oil cargo purchases, demonstrating stablecoins' capacity for large-scale commodity trading

  • Correspondent Banking Decline: The retreat of traditional banking networks has created opportunities for stablecoin infrastructure to fill critical gaps in cross-border payments

  • Emerging Market Innovation: Non-USD stablecoins like Turkish Lira (TRYB) are finding product-market fit, with Zodiac processing nearly $3 billion in TRYB year-to-date

  • Banking Strategy: Rather than issuing stablecoins directly, banks should focus on providing services to issuers—custody, treasury management, and minting/burning operations

  • User Experience: The panel emphasized creating "Uber-like" transparency in cross-border payments to reduce psychological costs and uncertainty

Market predictions ranged from $1-9 trillion in stablecoin market cap by 2030, with consensus around $2-5 trillion representing a 10x growth from current levels.

Huge thanks to the Bitso Business team for the opportunity to participate in this great event!

Feel free to connect with Monica, Nick and Peter on Linkedin.

Have a great week everyone,

-AWS


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