The Pomp Podcast #1521 Denelle Dixon | Banks Are Going ALL-IN On Crypto
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Apr 3, 2025 Denelle Dixon, CEO of the Stellar Development Foundation, discusses the intriguing intersection of blockchain technology and modern finance. She reveals how emerging markets utilize stablecoins and the growing acceptance of crypto on Wall Street. The conversation sheds light on bipartisan support for stablecoin legislation and the potential for digital currencies in government spending. Additionally, Dixon details how blockchain is revolutionizing aid distribution, emphasizing efficiency and transparency to improve global financial systems.
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Franklin Templeton's On-Chain Fund
- Franklin Templeton launched the first on-chain money market fund, streamlining operations and increasing accessibility.
- This reduced the entry price from $2,500 to $25, opening it up to more retail investors.
Blockchain's Impact on Banking
- Public blockchains revolutionize internal banking processes, akin to efficiently moving money between pockets.
- This enhanced efficiency enables features like instant interest and lower transaction costs.
Stablecoins and Yield
- Stablecoins are gaining traction as a medium of exchange, offering potential yield through integration with money market funds.
- Regulators are debating whether sharing this yield with consumers constitutes a security.