

Weekly Roundup 08/29/25 (Stablecoins in CDMX, DAT issues, GDP on the blockchain) (EP.661)
11 snips Aug 29, 2025
Dive into the excitement from the stablecoin conference in Mexico City as discussions unfold about the future of banking and fintech. Explore challenges faced by traditional banks and how innovations can enhance financial accessibility. The conversation takes a turn towards the government’s intention to put GDP on the blockchain and the implications of recent regulation shifts. Tether’s new initiatives on Bitcoin and Google's ambitions in the blockchain space are also unpacked, alongside a playful nod to tennis and sports dynasties.
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Stablecoins Gaining Institutional Traction
- Mexico City hosted a packed stablecoin conference with major banks, payments firms, and fintechs in attendance.
- Nic Carter observed real deployment momentum for stablecoins in Latin America.
Why Banks Won't Simply Replace Stablecoins
- Banks improving services won't automatically obviate stablecoins because banks aren't global, permissionless, and 24/7 interoperable.
- Stablecoins fill gaps where banks can't economically onboard or serve global users.
Wire Transfers Are Still A Pain
- Nic joked about wanting a bank that lets him send a wire without making three phone calls.
- He contrasted that wish with the reality that many parts of the world will leapfrog into fintech apps built on stablecoins.