Empire Newsletter Segment

Stablecoins are a hot topic, especially for institutions as they find a pathway to engagement.

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Empire host Jason Yanowitz forecasts the possibility of US stablecoin legislation being passed within 30-45 days.

As Edward Woodford, CEO of Zero Hash, noted at DAS last week, “the big unlock is the distribution of stablecoin technology.”

A significant question posed by Foresight Ventures is: How deeply will stablecoins integrate into the financial system?
Currently, the popular approach—adopted by platforms like Robinhood and PayPal—is the “stablecoin sandwich,” where stablecoins work as intermediaries between fiat currencies during transaction lifecycles.

The real potential for stablecoins lies in whether users decide to hold them rather than converting back to fiat. This scenario appears more feasible in Central and South America and parts of Asia, though US adoption faces potential challenges.

Foresight identifies three concerns regarding stablecoins, which condense to two if we factor in Yanowitz’s comments: regulatory uncertainty, user experience, and compliance issues.