MoonPay’s Caroline Pham on Stablecoins, Creators, and the Future of Digital Money

You need to put this all in a book.

These are all these terms and things people don't know.

Thank you so much.

And so I think that's actually one of the biggest things because people want to build these incredible networks and be able to take advantage of programmable smart money.

But if you are sitting here thinking, oh my gosh, I might be a security and I'm going to have an SEC enforcement action.

I mean, that could be game over for you before you even get started.

So that really chilled a lot of the innovation that was happening in the United States.

Or, you know, a lot of things that I worked on when I was at Citi was with actual corporate clients.

And so think about if you are a big brand, like if you're, you know, Nike.

And, you know, Nike had NFTs, right? You know, I didn't work on that project, but you could imagine that if you're a big brand, And you're doing NFTs and you're doing other kinds of tokens and you think the SEC could come after you and you're a public company.

Well, you know, that is something that also could be right there, so damaging for the company, for shareholder value.

And so you're going to not do that activity.

So I think the next stage, really, that we're going to see with digital assets and blockchain technology and tokenization is actually in the commercial space.

Think about all of the different applications in media and entertainment with fan engagement, customer engagement, enhancing sort of your experience if you're going to the movie theater, or maybe if you are streaming at home.

Fandoms, if you think about sports, and if you think about, again, just how we have these very passionate communities that have built up around a brand or an artist, that kind of engagement can be owned directly by that brand or by that artist with blockchain networks and with tokens and NFTs.

So, yeah.

All right.

So you're saying that, again, Taylor, let's just use Taylor Swift, right? You don't have to partner with someone else.

You don't have to go to Nike or someone else.

It could be your stable coin or it can be, I don't know, it could be anything, right? Because then the blockchain will let you just do what you want.

That's right.

And it makes it so that...

It's almost like Shopify.

When Shopify

came in and people talk about the Kardashians and all these folks that were in retail were able to sell directly and then they got all the money themselves.