Slate Money Slate Money Submits To The AI Overlords
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Jun 21, 2025 The hosts cheer on new crypto regulations that aim to clarify and protect stablecoins. They delve into the surprising pay raises for Dallas Cowboys cheerleaders, challenging historical disparities and societal perceptions about their role. A playful segment features AI-generated versions of the hosts, prompting discussions on the impact of AI in podcasting, privacy concerns, and the evolution of storytelling. The episode also touches on cultural shifts, modern work challenges, and Gen Z health trends.
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Stablecoins Backed 100% by Reserves
- The Genius Act mandates stablecoins to be fully backed by cash or treasury bonds, unlike banks that hold only a fraction in capital.
- This creates more transparency and consumer protection in stablecoin issuance, making them safer than before.
Two Reasons to Hold Stablecoins
- Stablecoins serve two main purposes: a safe resting place for crypto traders and a potential new payment mechanism.
- They avoid exposure to crypto volatility while enabling faster crypto-to-USD-like asset transitions.
Walmart's Stablecoin Payment Revolution
- Walmart's stablecoin can bypass traditional credit card networks, turning payments into a profit center instead of a cost.
- This could revolutionize retail payment systems by cutting fees paid to Visa and Mastercard.