MemCast
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Stablecoin distribution remains a challenge despite low issuance cost
  • Jeff notes that even if minting a stablecoin is cheap, gaining market share against incumbents like Circle is difficult.
  • Distribution channels, network effects and trust are critical for adoption.
  • Hyperliquid could serve as a platform for stablecoins, but it would need a compelling distribution strategy.
  • The legislation may lower barriers, but the competitive landscape stays tough.
Jeff PersUnchained01:01:42

Supporting quotes

Even if it's low cost to spin one up, it doesn't mean you get a bunch of competitors to Circle. Jeff Pers
I think the fundamental problem of stablecoins is still distribution. Jeff Pers

From this concept

Stablecoin Legislation and Institutional Acceptance

The passage of the Genius Act signals a more favorable regulatory environment for stablecoins; Jeff weighs its implications for Hyperliquid's future stablecoin offerings.

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