Summary
- Simon Kim, CEO of Hashed, stated that all card companies will operate based on stablecoins.
- The transaction volume of stablecoins has already exceeded the annual transaction volume of Visa and Mastercard.
- A moat is a barrier that protects a company's market position and profitability, and it is possible in an open and transparent ecosystem.
It has been claimed that soon all card companies will operate based on stablecoins.
On the 5th (local time), Simon Kim, CEO of Hashed, cited an Ark Invest report to make this statement.
He further stated, "No tech company has ever succeeded by relying on a moat built with cash," adding, "A true moat is an open and transparent ecosystem." A moat refers to a barrier that allows a company to protect its market position and profitability from competitors for a long time.
Previously, Ark Invest reported that "last year's stablecoin transaction volume reached $15.6 trillion," noting that "this is equivalent to 119% and 200% of Visa and Mastercard's annual transactions, respectively."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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