BIG NEWS! VISA SOLANA USDC, FDIC BANKS STABLECOINS, & UBI ON STELLAR BLOCKCHAIN!

Episode Transcript
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Speaker 1 (00:00):
Japan approves a one hundred and eighteen billion dollar stimulus
package and this liquidity will make its way to the markets.
And Visa has launched USD settlement to on the Salona blockchain,
and the FDIC is getting ready to give approval to
banks to launch stable coins. And the Stellar blockchain just
got used for UBI universal Basic income in the Marshall Islands.

(00:23):
I'll give you the details. Let's get into it. Hey, folks,
welcome into the Thinking Crypto podcast. You're home for cryptocurrency
news and interviews. I'm your host, Tony Edward. On your
way in. Please let that subscribe button as well as
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(00:46):
please leave a five star rating and review. Folks, big
news coming out of Japan. So they have passed their
one hundred and eighteen billion dollar extra budget to fund
their post COVID stimulus. So we are seeing the central
banks around the world start to stimulate by printing money.
We know this is the playbook, the only playbook they have.
This is the Fiat currency system. And this is why

(01:09):
you want to diversify into assets. It's what we've been
talking about for years, right, And you can invest in stocks,
real estate, precious metals, crypto of course, but we know
crypto is the fastest horse in the race. That's why
we're taking our bets here on crypto. But I'm diversified.
I have stocks in my portfolio much more. But it's
a matter of being patient. A lot of times people
can't be patient. Sometimes they buy it at the wrong point, right,

(01:31):
to buy the top of the market instead of the
bottom when there's blood on the streets. But folks, you notice,
liquidity is going to make its way to the markets.
And here in the United States, we know the Fed
just started quantitative easing on Friday, December twelfth. They're going
to be buying forty billion dollars in US Treasury bills
and much more. Right again, this is the same playbook.
So of course, it goes back to the big question.

(01:51):
You know, as this liquidity starts making its way into
the markets, come twenty twenty six, are we just going
to see our relief rally for bitcoin and then all coins,
you know, do their thing for a little bit or
the bullmarket continues. That's a big question. We have to
wait and see I don't think anybody has a definitive
answer is yet. Even if you're looking at the charts
and you're saying, hey, look at all the things that

(02:12):
are happening breaking down, there's still not a confirmation of
the bear market because there's just a higher load that's
set here. Now, Bitcoin could crash down to fifty thousand
or something like that and invalidate it, but that's where
you would have your confirmation, right. But the point is, guys,
this is what drives asset prices, higher liquidity, and of
course followed by sentiment. But again, the same playbook we've

(02:35):
seen over and over. Now look at this news. Visa
launches USDC settlement for US banks on the Salona blockchain.
Solana has been getting tons of adoption. Most recently, JP
Morgan toganized some commercial paper for I think it was
Galaxy Digital right that news came out on Friday. Solana
also had their fiedancer update go live on MAInet. So

(02:57):
lots of big things happening here and this is why
hold a Solona token to my portfolio. So payment processing
giant Visa has launched USDC settlement services for some United
States financial institutions. Visa said Tuesday that it's USDC settlement
service is available for US financial institutions, with Cross River
Bank and Lead Bank as the first participants. They have

(03:19):
already begun settling with Visa in USDC on the Solana blockchain,
and a broader rollout is expected in twenty twenty six.
The report follows USDC issuer Circles launch of the public
testnet of its Layer one blockchain ARC with over one
hundred major partners, including Visa, Mastercart, Blackrock, and Goldman Sachs.
In late October, Visa noted that it is a design

(03:42):
partner for the network, which offers the performance and scalability
needed to support Visa's global commercial activity. This is huge
from a crypto stable cooiint adoption standpoint because look at
the names who are participating here, right, And it's huge
for Solana and USDC. Right. Obviously, Solana its price can appreciate.
USDC is a stable coin, it can't. But if you're

(04:04):
holding this Circle stock because it's a public company now,
all these things will contribute to the stock price going up.
So that's how you can take your bets. Right. Personally,
I don't hold a Circle stock. I may buy it
in the bear market bottom or if I see a
really deep correction, but I do hold a Salona token,
so many of you know that already, So this is

(04:24):
huge news. Banks are going to use crypto in many
different ways, stable coins, tokenizing, custody, trading, and much more.
Here's an example. Bank of Canada lays out criteria for
good money stable coins. So this is the infrastructure, folks,
we've been talking about it, right, The banks, the markets,
the economies, the governments will all run on blockchain rails.

(04:44):
So the Bank of Canada has signaled it will only
approve high quality stable coins tied to central bank currencies
to ensure stable coins serve as good money under the
country's upcoming stable coin regulations expected in twenty twenty six.
Here's a quote. We want stable coin to be good
money like banknotes or money on deposit at banks, Governor

(05:05):
tiff mclem told the Montreal Chamber of Commerce on Tuesday. So, folks,
we're seeing all of this playout globally, right, different jurisdictions
and countries, Central banks and even the commercial banks are
all building with this technology adopting it. So it's just
a matter of time, right, It's not a matter of
if they're going to do it. This is the future,

(05:25):
all of it running on blockchain rails. Here's another example,
and it speaks to what's coming in the future with
the disruption of AI and robotics. So the Marshall Islands
launches the world's first blockchain based UBI on the Stellar blockchain.
A couple of things here. I'm an EXLM token holder.
I'm bullish on Stellar. I most recently, I think a

(05:46):
couple of months ago, interviewed Danelle Dixon of the Stellar
Development Foundation and UBI universal basic income something we've talked
about over the years. We talked about potentially CBDCs and
stable coins being used to fund the or to process
these payments, right and here we're seeing the start of it, folks.
So get ready. You know what we're going to see

(06:08):
in the future, you know, I don't know as far
as the timeline, maybe by twenty thirty as AI and
robotics mature and they're taking over entry level jobs and
manual labor jobs that you know robots can do, of course,
and we're going to see the need for UBI. I'm
not saying I like it, I'm not endorsing it. I'm
just letting you know where I see the puck heading

(06:29):
because there's not going to be work for people and
the governments, I think the only solution they have, but
they're going to have to give people money. And the
only way to track that and to make sure it
is not fraud and making sure people get it directly
and there's not delays is via digital currencies, whether that
be a stable coin, a CBDC or whatever else. So

(06:50):
let me give you some details here because this is very,
very interesting. So, the Republic of the Marshall Islands has
completed the world's first unchain dispersement of universal basic income
using a digitally native sovereign bond usd M one via
the Stellar blockchain, developed in partnership with the Stellar Development

(07:10):
Foundation and infrastructure provider Crossman. The multi million dollar initiative
is part of the Republic of the Marshall Islands National
UBI program, known locally as en roped. The Marshall's Islands
Finance Ministry confirm the program replaces quarterly physical cash deliveries
with direct digital transfers to eligible citizens, many of whom

(07:33):
live across widely dispersed islands. Folks, Again, this is coming
and it's going to be a global movement you're going
to seed here in the United States as well. You know,
there's going to be low income people who, you know,
maybe their jobs are going to get replaced, and they're
definitely going to get this. You know. The big question
is will middle class people get it. Maybe some whose

(07:55):
industries get hit hard and while they still have a job,
maybe they're income has dropped, you know, because the business
itself is not generating as much revenue. Right and I'm
just speculating here. I could be wrong. There's a lot
of deep thought that has to go into this and
the economics of it and so forth. What we do
have to watch out for is programmable money where governments

(08:18):
can use that against you, you know, all CBDCs. So
that is something we're gonna have to keep monitoring. And
remember that CBDC ban bill did not make it into
the Defense Act recently. I remember I reported that to
you guys. So US d M one is a US
dollar denominated sovereign bond fully backed by short term US

(08:39):
Treasury bills. The bond is distributed through the Stellar Disbursement
platform into a custom build digital wallet app called La
Mallo developed by Crossmint. La Malo allows recipients to receive
funds instantly via crossmint wallets on the Stellar network. Incredible stuff, folks. Now,
if you're an excell m token holder, this is bullish

(09:00):
right because you're seeing utility and building on the blockchain.
And once again, I'm not a support of UBI or
that I want that to happen, but I'm just looking
down the line and I just see the disruption that's
coming and I think the only playbook these governments have
is they can have to get people money and we
can have to see how that plays out. How can
people use that money? Are there any limits what they

(09:22):
can buy? And all that stuff. So this is something
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(10:46):
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in the description. Now, folks, big news coming out of
the FDIC. So Eleanor Tarrett reported that this morning, the
FDIC board voted to open a sixty day public common
period on its process for banks seeking to issue stable

(11:07):
coins via subsidiaries. So there's some more details here from
a full report. But folks, we know the banks want
to issue stable coins, right JP Morgan, Bank of America,
City Bank. We've heard the news and the rumblings and
the rumors and much more, and it's going to be
interesting to see how these banks do with their stable
coins versus the ones that are already in the market,

(11:30):
like your tether's and your Circle USDC and Ripple USD
and PayPal p Y USD. I do believe there is
room for multiple stable coins, but at some point it
might be too many and there's going to be need
for consolidation or somebod these banks try to go buy,
you know, some of the stable coin issues. Maybe they
try to go buy Circle in USDC. Right. If I

(11:51):
was a bank, I would try to do that so
I don't have to go do the whole development of this,
but you know, we shall see. So. The Federal Deposit
Insurance also known as the FDIC, is moving forward with
rule making under the US Genius Act by proposing a
framework for how regulated banks could apply to issue payment
stable coins, a key early step in implementing the law's

(12:13):
stable coin provisions. In a thirty eight page document posted
on the FDIC's website, the agency detailed propose approval requirements
for the issuance of payment stable coins by subsidiaries of
the FDIC supervised institutions, and as Bloomberg reported, the proposal
is subject to a public consultation period before advancing to

(12:34):
the next stage of rule making process. Now I believe
the timeline is sixty days or so. But folks, see
what's happening here. It is very interesting. The infrastructure being
set up for the major banks obviously tied into the
FED and much more to be able to issue stable
coins and do much more to crypto. It's amazing. Now,

(12:55):
speaking of stable coins, look at this. Tether leads eight
million dollar funding for Lightning startup focused on stable coins.
So this is interesting. I don't know why you would
need a Lightning network for sable coins, but let's go
through the details. Stable cooin giant Tether has led an
eight million dollar investment round in bitcoin startup Speed to
support its mission in enabling more enterprise stable coin payments

(13:18):
on the Bitcoin layer two Lightning network SPEEDS architecture demonstrates
how Lightning and stable coins can operate together to move
money at a high scale with low fees, strong compliance,
and global reach. Tether set in a statement on Tuesday,
Speeds Execution and Adoption signal that bitcoin rooted networks are
ready for mainstream commerce. Tethers CEO Paolo Arter added, so

(13:42):
it's essentially they're building a layer too with stable coins
to allow payments on the bitcoin network. Now, let's see
how that works out, because one of the challenges for
bitcoin is being able to scale for day to day use.
It's a great store of value, it's digital goal, but
for payments not great, right. I think we can all
agree on that. And the Lightning network while that offered

(14:04):
some sort of solution, it hasn't gotten the global scale
of adoption, and you know, has had some challenges. So
let's see what they come up with here. I think
someone's going to figure it out, and you know that
that could really help bitcoin, but we shall have to
wait and see. And here's some more stablecoin news. Red
dot pay raises one hundred and seven million dollars Series

(14:26):
B led by good Water for stable coin payments. So
a lot of money coming in to back stable coin
innovation folks. So stable cooin payments company red dot pay
has raised one hundred and seven million dollars in a
Series B round, bringing its total funding in twenty twenty
five to one hundred and ninety four million dollars. The
round was led by Goodwater Capital, with participation from Pantera Capital,

(14:50):
Blockchain Capital, and Circle Ventures, alongside continued backing from existing
investors including HSG. Founded in Hong Kong. Red dot pay
offers statement coin base payment products, including a car that
enables users to spend digital assets, stable coin power, payout,
rails for cross border transfers, and services that allow users

(15:11):
to access and hold stable coins through multi currency accounts,
and a peer to peer marketplace. Red dot pay has
more than six million registered users in over one hundred markets,
processes more than ten billion dollars in annualized payment volume,
and generates over one hundred and fifty million dollars in
annualized revenue, the company is said in a Tuesday press

(15:33):
release announcing the rays. So, folks, you see the capital
that is being put into this market, whether it be companies,
coins or whatever, to build out the infrastructure for mass adoption, right,
It's pretty Amazing's what's interesting. And I'm waiting to see
the likes of Walmart and Amazon and Google and so
forth to see how they integrate this. I think that's

(15:57):
going to come soon. You know, we just talked about
the visa news earlier and how banks are going to
use it. I think it was just a matter of
time before we see these big retailers also come in.
Now look at this news. Solana enters brazil main exchange
as Valor expands regulated crypto access so Valor, a subsidiary
of publicly listed digital asset company DeFi Technologies, has received

(16:20):
approval to launch a Solana exchange traded product in Brazil,
offering local investors regulated exposure to one of the largest
cryptocurrencies by market capitalization. As institutional interests in the region
continues to grow, so the product, Valor Solana, is scheduled
to begin trading on Wednesday, following approval from Brazil's main

(16:40):
stock exchange Brazil BOLSA. If I'm saying that right. DeFi
technology is announced Tuesday. The Solana product will join Valor's
expanding lineup of Brazil listed ETPs, which already provide exposure
to Bitcoin, Ether, XRP and Suite. So, folks, the crypto
investment products are being built. They're getting listed on stock

(17:00):
exchanges and different major financial firms, so major on rams
being built here. This is all great. So over time
this will lead to more liquidity coming in, driving prices higher. Okay,
some really great news. The SEC has dropped their case
against AVE protocol. Many of you know, Ave is a
DeFi protocol. Etherorem based right and it's I think the largest,

(17:24):
if I'm not mistaken, DeFi platform, and you can do
a lot of borring and lending on there. So Stani here,
the founder of Ave, tweeted about that after four years,
we are ready to finally sure the SEC has concluded
its investigation. Now, most recently the SEC dropped their case
against Onto. So we're seeing a lot of these legacy
cases which started under Gary Ginser, scumbag regulator Gary Ginser,

(17:47):
are being dropped rightfully, so, because these are just protocols
people are as long as they're not breaking the law,
leave them alone, let them do their thing. They broke
the law, you know they're doing something fishy or scamming
people like Doquon who just got sentenced. Right, yeah, you
go after them, right, But we want to make sure
that innovation is not being stipled here. But we know

(18:08):
Gary Gainster, Elizabeth Warren, they were lobbied by the banks
who were getting disrupted and that's why they were doing
all the nonsense. But great to see these things wrapping up. Guys.
This is just great, great news, folks, that's the news.
Let me know what you think. Leave your thoughts and
comments below hit the thumbs up button. Folks. Be sure
to subscribe to my free email newsletter. It is one

(18:28):
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Check out my book on Amazon. It's available in paperback
in digital, and my course at Mycrypto course dot com.
This is a comprehensive course that teaches you everything you
need to know about crypto. Check it out, folks. Links
will be in a description. Folks. I appreciate you all,
thank you for tuning in, and I'll talk to you
all later.

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