This Week in Startups Rapid Fire News: OnlyFans reverses course, Circle to clean up USDC reserves, Warby Parker S-1 | E1271
Aug 25, 2021
OnlyFans has reversed its ban on adult content, showcasing the delicate balance between banking partnerships and industry regulations. Circle is taking steps to stabilize its USDC reserves by cleaning up commercial paper during turbulent financial times. Meanwhile, Warby Parker prepares for a direct public listing, navigating the complexities of compliance and investment as it leverages fresh market dynamics. The podcast also highlights the contrasting futures of stablecoins like USDC and Tether amid increasing regulatory scrutiny.
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OnlyFans Reversal
- OnlyFans reversed its adult content ban after securing banking partner assurances.
- This highlights the power of banking partners and the challenges of adult content in finance.
Platform Independence for Creators
- Content creators should diversify platforms and build their own mailing lists.
- This mitigates risks associated with platform dependency and censorship.
Circle's Transparency Move
- Circle, a stablecoin competitor to Tether, is moving to 100% cash and short-duration US Treasury backing for its reserves.
- This increases transparency and trust, setting a higher standard in the stablecoin market.
