CLARITY Failed, Many Stablecoins Debate, Circle Launches Arc & Meta's AI Edge | Weekly Roundup

By the way, when I was listening to the podcast last week, you had this segment that you guys tweeted out that which was like, oh, you were very clear.

You're like the multi stable coin thesis is dead.

It is a duopoly and everything else has been proven wrong.

And like you could not have been more wrong in that segment.

And like, I don't know.

Yeah, and I wasn't there, so I felt like you had this topic when I wasn't there.

That's why

we bring up these topics that we know nothing about when you're not there, Rob.

So you can't tell us why we're wrong.

There's clearly a strategy.

Wait, so tell me...

Okay, so if people didn't listen, I said...

the the the you know hundreds of stable coin thesis is dead there won't be hundreds of stable coins and i you know i gave an example of um open usd which stripe launched a stripe required bridge um and i said the fact that they are now launching a single stable coin instead of powering trying to power thousands of stable coins is an example of why the one example of why this you know thesis is dead you're taking the other side You think the many stablecoin thesis is well alive?

I mean, you have SoFi and Klarna and Fiserv, and you have two bank consortiums trying to do it.

You have a Stripe consortium trying to do it.

You've got USDC, USDT.

You have, I can tell you, there are multi-multinationals that I know for certain are launching their own stablecoins.

You have MoneyGram and Western Union.

You've got There's other fintechs that are doing it.

There are other banks that are doing it right now.

You've got the startups that are, a lot of these startups, like Bridge already has like an internal stablecoin that for just for treasury management.

There's a, I think there's a number of other...

Polymarket has their own USDC thing right now.

There's a number of other exchanges I know looking at doing something internally.

I think the reality is...