Zach Abrams

Today we announced Open USD together with Visa, Mastercard, Coinbase, BlackRock, BBVA, Shopify, DoorDash, and 140+ other partners.

Much like the mobile industry needed Android, financial services needs Open USD to scale stablecoin adoption.

The stablecoin space has come a long way since we started Bridge nearly 5 years ago. Total volume is now approaching that of the ACH network and nearly every major financial institution from banks to fintechs is leaning in.

But cost and governance have limited utility and put core payments use cases out of reach. Businesses need a stablecoin that's open, low-cost, high-throughput, broadly accessible, and aligned to their interests.

We'll be launching later this year.

Visit joinopenstandard[.]com to learn more and participate.

compensation gains disproportionately accrue to whatever function is the bottleneck to company growth

for forever that has been engineering

feels like ai is shifting the bottleneck to gtm, esp. enterprise sales. the market for enterprise sellers will get insanely competitive

big political wins generally imply a mandate. but after a decade+ of huge swings back and forth, maybe voters aren't endorsing either party's vision. maybe they're just consistently rejecting whoever is in charge.

with web and mobile, encumbent distribution was limited. the new platform created a new distribution paradigm.

ai is mostly leveraging pre-existing distribution (from messaging to b2b)

likely explains the material startup application layer challenges

anything interesting quickly gets packaged and distributed by incumbents.

conversely w the web or mobile, you not only needed the feature, but also had to acquire the users (which is far harder)

today more or less every potential user is already served

genius gave businesses the confidence to lean into stables. The OCC's final rules give them the green light to scale.

We've long believed stablecoins would be core money movement infrastructure. Clear regulatory guidance is a critical precondition.

Excited for the stablecoin (and @openstandard) takeoff

thank you @USComptroller