Fintechs like Robinhood and Revolut are launching their own stablecoins. Stripe just acquired a stablecoin company for $1.1B. And despite explicitly cannibalizing their own margins, incumbents like PayPal and Visa are integrating stablecoins out of fear that if they don’t, someone else will.
It is becoming increasingly clear that mainstream adoption of stablecoins is not something that could happen or should happen, but something inevitable. The reason is simple. By offering businesses a straightforward proposition — lower costs, higher margins, and new revenue streams — stablecoins are inherently aligned with the most reliable force in capitalism: the relentless pursuit of profit.
In the following report we will outline how exactly stablecoins can improve the bottom line of companies, entertain the bull and bear case for stablecoins and blockchains serving as the economic substrate for the agentic economy, and lastly, we will zoom out and examine the competing structural incentives — from policy makers, regulators, incumbents, to foreign countries — that will inevitably drive stablecoin adoption.
