🧵 Whoever owns the stablecoin base, owns the future of banking.
For 200 years, banks scaled by holding deposits. Fintechs scaled by renting them.
Now stablecoins have made them portable, and that shift is about to redraw global banking.👇
2/ Every banking revolution started with a change in where money lived.
In the 1800s, banks issued private notes backed by gold, but trust was local and fragile.
The 1900s centralized that trust through the Fed and FDIC, creating giants like JPMorgan and Citi.
The 2010s digitized it through fintech neobanks like Revolut and Nubank.
Now, stablecoins have pulled deposits out of banks entirely and made them programmable, borderless, and liquid at internet scale.
3/ Web2 fintechs did rebuilt the banking’s interface, but infrastructure for was still the same.
For example, Revolut keeps its customer deposits with Lloyds. Nubank’s reserves ultimately sit at Brazil’s central bank. Wise still clears through SWIFT. These companies changed how people interact with money, but not where that money actually lives.
And that’s why, out of the 15 biggest neobanks, 9 still make less than $100 per user, per year.
What if the future of energy isn’t controlled by governments or corporations—but by you?
A new wave of DePIN innovators are decentralising the energy supply chain, turning solar power into a $100B opportunity.
@GlowFND @daylightenergy_ @Powerledger_io @RowanEnergy @plumenetwork @charge_xyz @DeCharge__ @starpowerworld @PyseEarth @combinderio 1/ Solar power has hit a tipping point. It's now the cheapest source of energy across the world.
Since 2010, solar tariffs have plunged by an astonishing 8x, making it more affordable than ever to harvest energy directly from the sun.
2/ And yet, despite over a decade of aggressive solar installations, it accounts for just 5% of global electricity generation.
On Oct 13, 2024, @truth_terminal, an AI agent backed by @pmarca, endorsed $GOAT on Solana. Within weeks, we saw a whole new crypto sector: AI agent coins.
Sentient memes are all the rage, but one in particular has caught our attention.
It sits right at the intersection of finance, social networks & meme assets.
@ai16zdao has built a portfolio that has multiplied in value without ever doing a trade. How does it work? We dug in.
First, the numbers. ai16z launched on @daosdotfun with a little under $100k.
The AUM has since ballooned to $1.9 million as creators send Eliza assets to build their own bots. Why? Because it helps build visibility for the asset itself.
Kind of reminiscent of Snoop Dogg's metaverse buy.
But how does it work?
There are a few parts to it.
ai16z relies on tweets from @pmarca and @DegenSpartan to form its decisions. It then uses a conversational agent (Eliza) with a Twitter client to build a social presence.