Slate Technology Slate Money: We Submit To The AI Overlords
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Jun 21, 2025 This week features a deep dive into the recent GENIUS act, a significant crypto regulation bill, and its potential to reshape payment processing in the U.S. The hosts unpack the recent pay raise for Dallas Cowboys cheerleaders, highlighting issues of fairness in sports. They also humorously explore AI-generated podcast segments, pondering the implications of AI voice synthesis and authenticity. The blend of personal anecdotes and tech innovation sheds light on the evolving landscape of media and the ongoing conversation about emotional connections in podcasting.
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Stablecoin Regulation Enhances Safety
- The Genius Act establishes strict reserve requirements for stablecoin issuers, backing each dollar one-to-one with cash or treasury bonds.
- This regulation makes stablecoins much safer, addressing the uncertainty seen with unbacked stablecoins like Tether.
Stablecoins as Crypto Safe Haven
- Stablecoins serve primarily as a crypto resting state to avoid price volatility for traders.
- They enable traders to hold 'digital dollars' within crypto ecosystems without exposure to crypto price swings.
Stablecoins Could Disrupt Payments
- Corporations like Walmart could use stablecoins to create alternative payment systems, bypassing traditional credit card fees.
- This has the potential to transform payment processing and turn payments from cost centers into profit centers.