1/n
Many expect a power law for stablecoin winners.

Its more complicated than that. We're in a multi decade era of financial unbundling and a 'big bang' of stablecoins. Thousands will emerge, potentially leading to the first $1T stablecoin and several worth $10-$100B, in this decade.

Today's duopoly are 1st gen stablecoin architecture, akin to the first New York Times website being merely a PDF in 1996. 2/n
Bad news first

1/
Would @compoundfinance ever launch its own stablecoin?

A.Never
B.Probably not
C.Maybe

What if I told you all three were hinted possibilities from the core team?

🧵 2/
I am going to tell you a story of how a compUSD stablecoin can…

-10x Compound ecosystem revenue
-Accelerate growth of Compound v3
-Drive deeper liquidity for Compound ecosystem overall
-Benefit Compound borrowers
-Build a better, decentralized, 1:1 asset backed stablecoin

1/
Stabilize money, stabilize the world

A short story on…

-Monetary policy
-Inflation
-Safety and freedom
-Asset-backed currency
-Letting the market experiment and pick winners

h/t @Blockworks_ 2/
Broke monetary policy fuels instability

Globally we find ourselves with hyperinflation, hoarding, unrest, and bank runs

In the US we’ve experienced the most painful inflation in almost five decades