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On a stablecoin bank - by Bridget Harris and Abhi Desai

bridgeharris.substack.com · 1,537 words · saved by 1 readers

Notes on the feasibility of a new type of bank

On a stablecoin bank Notes on the feasibility of a new type of bank Bridget Harris and Abhi Desai Jan 03, 2025 17 2 Share For the $1 trillion Visa and Mastercard duopoly, stablecoins are a problem. Unless these two learn to adapt, pro-crypto regulation and aggressive new entrants will begin to put them in a more vulnerable position than ever. The Credit Card Competition Act (CCCA) , if passed, would require large banks to give merchants a choice of at least one additional network (besides Visa or Mastercard, which they’re locked into today) to process credit card transactions. This would weake

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