The Milk Road Show

The $260B Crypto Opportunity (And How to Invest in It) w/ Sam Broner

14 snips
Jun 9, 2025
Sam Broner, an investor at a16z with expertise in stablecoins and real-world assets, dives into the significance of stablecoins in the investment landscape. He discusses Circle's impactful IPO and how stablecoins are reshaping traditional finance by challenging giants like Visa and Mastercard. Broner highlights the complexities of navigating this space, the necessity for regulatory clarity, and the potential for stablecoins to improve global payments. With rising adoption, he emphasizes their transformative power in both developed and developing economies.
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INSIGHT

Stablecoins Surpass Visa & PayPal

  • Stablecoins are the most underhyped but fastest growing sector in crypto right now.
  • They have surpassed PayPal and Visa combined in payment volume in just 12 months.
INSIGHT

Stablecoins Cut Merchant Costs

  • Stablecoin payments cost merchants about half as much as credit card fees.
  • Payment processors can take 3x more revenue using stablecoins while benefiting merchants.
INSIGHT

Stablecoins Lack True Fungibility

  • Stablecoins do not yet have "singleness of money" due to slippage and lack of perfect fungibility.
  • Solutions like clearinghouses and better AMMs are needed for full institutional adoption.
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