Sam Broner

Had a fantastic dinner in Cambridge with good friends and students from MIT, Harvard, Dorm Room Fund, and the startup community! Boston 🤝 Better Money Build baby build! read image description

This was a pretty good tweet. Basically the case for custom stablecoin issuers. Really big problem for the banks too -- they do NOT want their money to ever be perceived as being worth anything more or less than $1.000000 Adam Zuckerman @AdamZuck13 Aug 23 Imagine launching a new bank and needing to pay seven figures to Citadel to market make your wires to ensure there is enough liquidity. That's how moving between different tokenized dollars works today. It shouldn't be. And doesn't need to be.

One stablecoin v fiat difference that trips up outsiders... In trad payments, you initiate a tx through your TMS and it happens. You see failure, in prog & success states, *because* you have a tx team at the bank *attempting* to route the tx successfully. With stablecoins,

"You don't sell Bank of America dollars to buy Wells Fargo dollars, you transfer them at par!". That's been my tagline for about 3 years now... Well, @AdamZuck13 gets deeper into the weeds on *how* and *why* stablecoins must be a par instrument, plus how @bettermoney_co helps. The Better Money Company @bettermoney_co Oct 29 People hold money in thousands of banks, neobanks, and payment platforms in the US, but the value of your dollar doesn’t change depending on where you hold your money. That’s singleness. Stablecoins don’t have it yet. Converting between one dollar stablecoin to another today