# Stablecoins, the Future of Money

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Last modified: 2021-12-08

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By Paul Ebeling · 2021-12-08
Tags: Shayne Heffernan on Investments, money, Amazon, Paul Ebeling, Crypto, Knights, cryptocurrency, Bitcoin, stablecoins, DeFi, Knightsbridge, NFT, Blockchain, DeFI, KNIGHTS, DeF
Signed: no (published before platform launch).
Nothing in this article is investment advice.

#stablecoins #knights #cryptocurrency #money #DeFi

[$KNIGHTSUSD](https://charts.bogged.finance/0xb2e033ADadf33561aB71833Ee0f4C3A8Cc18ce4C)

*"The rise of Bitcoin, stablecoins and DeFi, the last several yrs have been an amazing time for those of us who write about money*"-- Paul Ebeling

Many of the innovations seen since Bitcoin debuted in Y 2008 will endure, some of them will fall over..

DeFi tools will become compliant with anti-money laundering/know your customer rules, Securities and Exchange Commission-registered or licensed with the Office of the Comptroller of the Currency. But, true DeFi avoids regulations and does what it wants.

El Salvdor’s adoption of Bitcoin was a watershed moment. 1st El Salvador, then the rest of Central America, next South America and then the United States. By Y 2030, the world will be* bitcoinized*.

Generation X will not know how to use cash in Y 2031.

Over the next few yrs the stablecoin industry will experience many rounds of failure, growth and mergers, eventually leaving us with a few big stablecoins.

The vision: As it will be confusing for the public to deal with several different stablecoins, issuers will tie-up to build an interoperable stablecoin standard. Each of them will accept the other’s stablecoin at a 1:1 ratio, effectively fusing them into a single universal stablecoin.

This alliance having been formed, stablecoins will leave the closed-loop speculative universe of DeFi and crypto exchanges and enter the real world to attack the card networks.

Their 1st big win will be to negotiate with Amazon to add a *“stablecoins accepted here”* payments option. Because stablecoins will be cheaper for Amazon to process than cards, the stablecoin alliance will be able to convince Amazon to offer a 1% on all stablecoin purchases. And so it will go!

Have a prosperous day, Keep the Faith!

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