Do more people pay with Visa or Stablecoins. What's a Stablecoin?

Ok, you're a Boomer. So you've never heard of Stablecoin. Am I right? Go ahead admit it!

They're being used more than your Visa card. Feel pretty outdated? Those fricken Gen Z assholes.

Fine, I'll explain. Grab a pencil and paper...or your tablet if you're not stuck in the 1960s. Stablecoins are a form of digital currency that's pegged to some sort of reference asset (gold, US dollar, Euro). As such it's value doesn't gyrate wildly like Bitcoin.

You keep Stablecoins in a digital wallet from which you can transfer money to others (pay bills).

Stablecoins are changing how we pay for things.

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If traditional payment companies aren’t getting nervous, they should be.

Why? At the current growth rate, stablecoins could be on track to take over.

Stablecoins are one of the killer apps of crypto. They’re digital representations of the U.S. dollar that move over blockchains like Ethereum. While bank wires take 24 hours, stablecoins settle in seconds— the same time it takes to send a text.

Stablecoins only started getting off the ground in 2019. Last quarter, they were used in more than $6 trillion worth of transactions. And Congress just passed a historic stablecoins bill that aims to make them more secure and trustworthy.

Expect to see a lot more people and businesses pay for things with stablecoins.