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Innovation Versus Regulative Arbitrage?
The ability to have a representation of a dollar that you can directly transact with any counter party in the world at a fraction of a second, is really powerful. And so everything from what we think of as remittances, which iso beaming value amongst businesses or individuals around the world, to even the behavior of markets themselves. I think stable coins can play a very significant role in reducing cost, increasing speed, increasing transparency, auditability because of the nature of boc chains.