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One opinion holds that stablecoins may give rise to new industries built on them.
When we look at stablecoins we look at second order effects. Cars helped to create the suburbs and big box stores, stablecoins will create entire industries built on top of them.
KBW is always one of my favorite weeks. It’s always great to be back in a tech positive country https://t.co/9ZcO9N7w2j
The text states that stablecoins may produce “second-order effects.”
The text compares the potential industry impact of stablecoins to how cars drove the formation of suburbs and large stores.
The text mentions KBW is the speaker’s favorite week of activities, and says that they are pleased to be back in a technology-positive country.
The following is analysis, separate from reported facts. Verify important claims independently.
“Second-order effects” refers to the possibility that, beyond a technology’s direct uses, it may also drive other industries and services. Here, the text expresses a personal assessment of the long-term industry impact of stablecoins, rather than listing industry outcomes that have been confirmed.
If this assessment is correct, stablecoins could be used not only for payments or transfers, but could also become the foundation for other industries and services. The text does not specify which industries might emerge.
Beginners can understand stablecoins as digital assets that generally aim to maintain a relatively stable value; this content focuses on the subsequent industry impact they may produce.
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A class of interchangeable crypto assets that anchor to the same underlying value across entities; examples in the text include USDT and USDC。
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