tony mclaughlin

Cards and stablecoins.

@a16zcrypto Unsubscribe

Notes from our Crypto Fund 5 conversation: 1. Successful founders in this next era will tend to be product-focused, go-to-market-focused, and pragmatic rather than ideological. 2. The goal: get a billion people onchain through stocks, bonds, stablecoins, and remittances. Once they're onboarded to the infrastructure, adjacent services can follow naturally. 3. We don't have a global financial network. We have a patchwork of small networks glued together by humans and legacy processes. Stablecoins are global from day one: the WhatsApp moment for money. 4. Stablecoins are leading crypto's mainstream traction. ~$300B issued, transaction volume approaching major payment network levels, and growth uncorrelated with trading. 5. The Genius Act gave stablecoins a regulatory framework, and unlocked builder energy overnight. The Clarity Act (or SEC/CFTC rulemaking) could do the same for the rest of crypto. 6. Crypto is winning the revolution, now it's time to govern. That means working with the system, not overthrowing it. 7, A growing share of transactions (potentially the majority) will be done by AI agents, not humans. If you tell one to save you money on your monthly spending, it will use whatever software does that, and it won't care what gets disintermediated. 8, You cannot vibe code USDC or Hyperliquid. Network-effects businesses are the one thing the model companies can't easily replicate. 9. Privacy may be the most durable moat in crypto. Once an application's state is encrypted, it can't be trivially forked to another chain. Switching costs return. 10. If every human on earth gains access to a dollar-denominated, stablecoin-powered account, that alone would be a generational upgrade to the global financial system.

@bettermoney_co Read. Write. Own. Plagiarise.

The next era of money has hundreds of stablecoins. Purpose-built for different use cases, different markets, different economics. That means more issuers, more assets, more fragmentation. Every new stablecoin that launches makes the need for a clearing layer stronger. That's what we're building. @benhoneill gets it.

@a16zcrypto @SamBroner Imagine you pitched Ubyx to A16z and they just straight up copied it without attribution.

"Imagine if you had to sell Wells Fargo dollars to buy Bank of America dollars." @SamBroner on why stablecoin interoperability is broken, and how to fix it: "When you want to go from USDC to PYUSD, you sell USDC to buy PYUSD. That is not at all how traditional payments work."

The answer is in the Ubyx whitepaper and the presentation I made to you at A16z? As Captain America says, I can do this all day.

The Better Logo Company

@bettermoney_co I worked on it, did you?

$8 trillion. That's how much CLS Bank settles in foreign exchange payments every day. You've probably never heard of it. Most people haven't. It traces back to a 1974 German bank failure (Herstatt), which exposed a flaw in how currencies settle across time zones. The principle CLS enforces: both sides of a trade must settle at the same time, or not at all. That's what global payments infrastructure looks like when it works. Invisible, but critical.

But I actually worked on it 🤣🤣🤣

@bettermoney_co Read. Write. Own. Cite. Attribute.

1/11 Is a stablecoin actually worth $1🧵

I wish to congratulate BTC on its wedding with institutional money. Let’s wish the happy couple all the best.

Privacy meta.

CUSD + SEND = CC. @ethentree

Most entertaining outcome: @elonmusk builds Stark tower for real in NY. $3bn for a good laugh. Worth it.

Ubyx Inc. incorporated 24 March 2025. Whitepaper published same day. Raised $10mm. Team is 10. At 21:55 on 17 Oct 2025 we achieved our first transaction in production. #StablecoinEpoch