Slate Business Slate Money: We Submit To The AI Overlords
Jun 21, 2025
Dive into the world of crypto regulation as the hosts cheer on the Genius Act and its potential impact on stablecoins and payment processing. Discover the surprising pay rise of Dallas Cowboys cheerleaders and the cultural shifts behind it. Enjoy playful banter about AI-generated podcasting, including the creation of digital versions of the hosts. The discussion also touches on the physical demands of cheerleading and the evolving nature of workplace productivity, exploring how AI can help manage modern distractions.
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Genius Act Strengthens Stablecoin Safety
- The Genius Act imposes strict reserve requirements on stablecoin issuers, making them safer than before.
- Stablecoins now function similarly to checking accounts but with full dollar backing by cash or treasury bonds.
Stablecoins' Two Main Uses
- Stablecoins serve two main purposes: a stable resting state for crypto traders and a future payments mechanism.
- This dual use underpins the evolving role of stablecoins beyond mere trading tools.
Retailers Eye Stablecoin Payments
- Major retailers like Walmart consider stablecoins to bypass costly credit card fees and create new payment systems.
- Walmart could turn payments from a cost center into a profit center by issuing stablecoins with loyalty rewards.