The Information's TITV A Stablecoin Future, Netflix is "Boring,” and Flying Cars | July 18, 2025
22 snips
Jul 18, 2025 
Tom Schmidt, a partner at Dragonfly Capital, dives into the shifting landscape of stablecoin legislation, emphasizing its impact on startups and the current boom in crypto mergers and acquisitions. Meanwhile, Abe Brown discusses the latest fashion trends from Sun Valley, highlighting chunky sunglasses and power colors. The conversation touches on Netflix's transformation into a 'boring' but stable entity in the streaming wars, and intriguingly explores the future of flying taxis, fueled by innovative partnerships and technology enhancements.
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Impact of US Stablecoin Legislation
- The US stablecoin legislation clarifies legal standing and promotes US dollar stability globally.
- It bans yield-bearing stablecoins, benefiting issuers like Circle but limits new innovation.
Banks and Stablecoins Dynamics
- Big banks are exploring stablecoins but lack of yield-bearing stablecoins in the law benefits banks.
- Jamie Dimon doubts stablecoins' appeal compared to traditional payments due to banking access.
Stablecoin Market Structure Prediction
- Stablecoins likely will consolidate around a few major issuers with differentiation by geography or verticals.
- They resemble digital credits similar to gift cards or app balances, offering stability and sometimes perks.