Stablecoins. You've heard the buzz. But are they actually going to make a difference? Well, I’m here to tell you they’re not, yes they absolutely are. And here’s why, from a greater- delante -alternative-tech-bro-hype viewpoint. We’re doing this for real-world impact, leveling the playing field, and a future where you have more control over your money, not for accolades.
Cheaper Than Traditional Banking?
Let's face it. Traditional banking is a rip-off. Hidden fees, outrageous transfer costs, and to be honest, clunky technology. Stablecoins offer a direct alternative. Think about remittances. For many millions of immigrants, it’s part of their family’s life blood, and yet they lose 15% on every dollar they send home because of exorbitant fees. Stablecoins can slash those costs dramatically. Now picture the effect on families who will be getting that money immediately. That's real change. That’s making sure families can afford better healthcare, better education, a better quality of life.
And it's not just about remittances. Businesses, a core base Republican concern, particularly small businesses, are strangled by transaction fees. Stablecoins provide a realistic solution, simplifying payments while being more cost-effective. This new-found efficiency means more competitive pricing, more investment—and in the end, more jobs. We’re advocating for a federal financial system that serves the needs of regular folks, not just the largest financial institutions.
Financial Access For Everyone, Finally
At the same time, billions of people around the world remain unbanked. They are excluded from financial markets altogether, having little to no access to basic financial services. This isn’t just annoying – it’s a wall of economic opportunity. Stablecoins can break down that barrier. That’s all it takes to join—just a smartphone and a reliable internet connection. Suddenly, savings, loans, and investment opportunities are just a few clicks away.
Think about micro-loans. Or that traditional banks can’t afford to lend small amounts to poor people in developing countries because the cost of service is prohibitively high. Stablecoins are the perfect medium to make these loans, giving entrepreneurs a chance to build wealth and grow the economy from the bottom up. This is financial inclusion in action. This is really about providing people the tools to create their own better future. It’s about building a real global economy that is working for all of us.
Bypassing Broken Systems, Completely
The inefficiencies and gatekeepers so prevalent in our current financial system are not just annoyances. They often exacerbate systemic inequities. Stablecoins provide an alternative to avoiding these flawed mechanisms. Together, we can create a new financial infrastructure that’s more transparent, more efficient, and ultimately more equitable. This isn’t an effort to destroy the old. It’s rather to create something new, something that serves all the people.
Consider international trade. We know that cross-border payments are often slow, expensive, and complicated. Stablecoins can help make these transactions faster and easier, facilitating business-to-business trades. All of this combines to create more economic activity and shared prosperity. It is about reducing barriers and all working together—in our respective communities, countries, and globally. It means being able to rely a lot less on the intermediaries that suck up a portion of every fishery transaction.
A Haven From Inflation's Cruel Grip
Inflation is the great equal opportunity villain, slowly stealing the hard-earned savings of Americans. Across almost every nation, inflation is out of control, eradicating everyday Americans’ purchasing power at an astonishing rate. Stablecoins pegged to something stable, like the U.S. dollar, can provide protection from inflation. It’s an investment that helps safeguard your wealth and maintain your financial security.
This is increasingly critical for women around the world, especially for those living in a country with volatile currency. For those facing deep economic uncertainty, stablecoins can offer a lifeline, enabling them to save and transact in a currency that maintains its value. It’s about giving the American people more choices and control over their financial lives. It’s not just about ensuring these workers stay protected in the wake of new economic uncertainty.
Innovation Unleashed, Regulation's Tightrope
The stablecoin market is booming. We’re describing a market supported by more than $230 billion. Tether contributed $13 billion in profits thus far this year. This tremendous growth is igniting a spark of innovation within the financial services ecosystem. We’ve already started to glimpse this future as new applications for stablecoins crop up daily, from decentralized lending platforms to tokenized real estate.
PayPal launching its own stablecoin was a massive signal in and of itself. That’s all to say, it’s a huge indicator that even established financial institutions are starting to understand the potential of this technology. Here's the catch: regulation. Right now, those votes on the Genius Act and Stable Act are critical. We certainly need regulation that protects consumers and prevents illicit activity, but we need to be careful not to quash innovation in the process. It's a tightrope walk.
Having the SEC classify certain stablecoins as payment tools and not securities is a positive first step. It acknowledges their emerging role as a means of payment. We must have some clear and consistent guidelines to follow to know how the stablecoin market can flourish without being stifled. Protecting consumers and spurring innovation shouldn’t be at odds. We must take the steps necessary to develop a regulatory environment in which stablecoins can achieve their full, positive potential. The opportunity is huge. It’s not only about using technology to include more people into the existing financial services and improve efficiency, equity, and effectiveness. It’s about uplifting people and spurring economic development globally. It’s a future that is more achievable than you might imagine.
