Evolving Money: Stablecoins in Practice and Policy (Sponsored Content)

Since you're a subscriber to this Bloomberg podcast, we thought you'd be interested in a sponsored podcast called Evolving Money, produced by Coinbase and Bloomberg Media Studios. It explains how institutional investors are adopting the world's newest asset class, crypto. Here is a recent episode. You had the government sending a message to innovators and developers that they should basically take any ideas that they may have and take them overseas or put them in a drawer somewhere and just abandon them. That's Faryar Shurzad, the chief policy officer of Coinbase, talking about

the way things used to be with stablecoins. But the message from Washington has changed in the last year. And so what you're seeing now with this sea changing governmental attitude is it's actually a permission structure around developers and innovators who want to think creatively about different payment solutions that could be executed on with the use of stablecoins. That unleashed creativity is powering a movement amongst major financial services companies, who are now integrating crypto into their operations. In many cases, they're starting with stable coins.

And there are a number of reasons for that, including the ability to move money more cheaply and efficiently. By our count, there's about 250 different projects have been announced by, you know, any number of financial players and developers. So the biggest banks, the payment processors, the credit card companies, corporates, and others to integrate. And I think we're just at the tip of the iceberg.

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