Stablecoins ‘deserve all the attention’: Paradigm
Paradigm’s Charlie Noyes thinks that the attention on stablecoins is well-deserved after Mesh’s $82 million round
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Remember Mesh’s Bam Azizi from our chat earlier this month, after his firm raised a whopping $82M?
Azizi and Paradigm’s Charlie Noyes joined Yanowitz on this week’s episode of Empire to chat about the raise and crypto’s killer app — stablecoins (sorry if you’re tired of hearing that).
But the thing is, as Noyes put it: “Stablecoins deserve all of the attention and excitement they’re garnering,” especially when we’re in such an awkward spot market-wise.
Not only does Noyes think that stablecoins offer up a viable and understandable use case on crypto rails (something the industry sometimes struggles with) — there’s also an additional add-on:
The talent pool is much bigger. Because a lot of these projects have FinTech qualities, they can seek out talent that’s not just crypto-native.
And, as the competition grows fiercer and fragmentation starts to occur, Mesh stands to potentially add more value, Azizi added.
While the dream would be for folks to use stablecoins for everyday payments, Azizi thinks that we’re more likely to see stablecoins leveraged for cross-border payments right now. Certain hyperinflation areas like Turkey or Colombia could see more retail stablecoin use cases, given that they don’t have the same access to bank accounts and credit cards as the US does.
Next stop for stablecoins? Getting the Netflixes and Amazons of the world to accept USDC, USDT, etc. That’s when real adoption happens.
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