XRP ETFS $1 BILLION AUM! NYSE PARENT COMPANY MOONPAY & SOFI STABLECOIN!

Episode Transcript
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Speaker 1 (00:00):
Xrp ETFs crossed one billion dollars of assets on your
management and the parent company of the New York Stock
Exchange is looking to invest in a crypto payments firm,
and there's major stable coin updates around PayPal and Sofi Bank.
I'll give you the details. Let's get into it. Hey, folks,

(00:22):
welcome into the Thinking Crypto Podcasts. 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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please leave a five star rating and review. Okay, folks.
The first news item, The Intercontinental Exchange, also known as ICE,

(00:44):
is the owner of the New York Stock Exchange. It's
essentially the parent company of the New York Stock Exchange
is in talks to invest in the crypto payments firm
Moonpay as part of a new funding round. Moonpay is
targeting at approximate valuation of five billion dollars. This is
per Bloomberg Now. Many view may recall the Intercontinental Exchange
launched back back in twenty eighteen and that platform was

(01:06):
going to be pretty huge, but due to regulatory headwinds,
they had to sunset the business. It's still around it
as far as I know, but it's completely different, right,
It's not the same plans, but that's not stopping the
Intercontinental Exchange from expanding. And this is a big, big
move here, one of the tradi five giants investing in crypto,
and you know they're going to continue to do more.
And this could also signal that moonpay may go public.

(01:29):
They could do an IPO, maybe get listed on a
New York stock exchange. Right, so this is very big
for Moonpay and many view may recall I recently interviewed
the president of Moonpay, Keith Grossman. That interview was from
last month, and Keith has an extensive experience in Web
two and moonpay is doing some great things. If you
haven't seen that interview, be sure to check it out. Now,

(01:49):
moving ahead, the Senate confirms Trump crypto friendly nominees to
take over the CFDC and the FDIC. So we're getting
some confirmations here, so we don't might Sea Leg he
is up for the CFTC chairman role. And you got
Travis Hill, he's going to lead the FDIC, so this
is really great and they are both pro crypto. So

(02:12):
we are seeing pro crypto people being put into office
here as opposed to what we saw under Biden. You
had a lot of anti crypto people who are working
for Elizabeth Warren of course, and the head of the
Snake was Gary Genser, of course. But things have changed
and we are now having pro crypto folks put into
office who understand this industry and what it's about and

(02:33):
much more. So. This is very bullish for the future
of crypto regulations and clarity in the United States now, folks,
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(03:15):
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(03:36):
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dot com. Link will be in the description. Now, folks,
we have some very surprising news coming out of the EUS.
So the ECB's Christine Legard shifts focus to Digital Euro

(04:00):
rollout after holding rates. So they're moving up the timeline
here to launch their Digital Euro, which I think this
is a CBDC. So the European Central Bank has completed
its preparatory work for a digital Euro awaiting action from
political institutions. ECB President Christine Legard emphasized a data driven

(04:22):
approach to interest rate decisions. When inflation projected to me
two percent targeted by twenty twenty eight. The digital Euro
is prioritized as a strategic financial tool, expected to launch
in the second half of twenty twenty six. So what
is driving the urgency all of a sudden, Well, a
lot of other jurisdictions are moving ahead with their stable

(04:44):
coins and CBDCs, especially here in the United States. We
have the Genius Act rollout, a lot of big banks
are looking to launch stable coins and much more so,
competition's heating up. In addition, if they're going to roll
out universal basic income, which we know it's coming right now.
I know some of you say, hey, Tony, UBI has
been around for a while, Yes, but not at a
mass scale. So they're going to ramp this up and

(05:05):
people are going to get their UBI payments and other
type of government payments via these digital currencies, stable coins, dbdcs,
whatever you know approach these central banks take. So that's
what's coming. And I think this is a very bullish
sign because they're going to have to educate the masses
in the public and all these things to start getting

(05:26):
them comfortable with this, right because it's no longer a
check being sent to your house or wherever, or a
wire transfer or a direct deposit into your bank account
or things like that. It might be through a specific
wallet and you can do different things with that currency.
So this is very interesting. You know, the original timeline

(05:47):
was like late twenty twenty eight or twenty twenty nine,
so very interesting that they sped this up that is
going to launch in the second half of twenty twenty six. Now,
speaking of stable coins, look at this PayPal to use
the pyu the stable coin to fund AI infrastructure through
USD dot AI. So recently we highlighted that YouTube integrated

(06:08):
paypals p yus d stable coin for creator payments, and
that's I mean incredible adoption. Right Google owns YouTube and
YouTube's a massive platform. So PYUSD will be used to
support USD dot AIS on chain financing for AI infrastructure,
including GPUs and data centers. A one year incentive program

(06:30):
will offer four point five percent yield on up to
one billion dollars in customer deposits. The development highlights growing
demand for programmable dollar settlement. As AI infrastructure spending accelerates,
even AI agents will use stable coins. Folks. That's going
to be a big market. And we know they're not
going to use AH and all that. Right, it's going

(06:51):
to be stable coins. And you need the instant settlement,
you need a fractionalization and much more. So very very interesting.
And here's some more state coin news. SOFI the Digital
Bank unveils the first bank issued stable coin for enterprise payments. Wow.
I mean, look at what's being built out here, folks.
This is incredible. So SOFI has launched so Fi USD,

(07:15):
a US dollar stable coin, backed one to one by
cash held at the Federal Reserve and issued by its
FDIC insured national bank. Wow. The coin runs on a
public blockchain, offering instant, low cost settlement and opening the
door to white labeled stable coin services for FinTechs, banks,
and enterprises. Initially limited to internal use, sofi USD is

(07:39):
expected to roll out to SOFI members in the coming
months as part of a broader payment strategy. Now, this
wouldn't have happened if the Genius Act didn't get passed
this year. So very very big. We're seeing the stable
coin race heating up, the tokenization race heating up, and
you're going to see a lot of different banks launch
your own stable coins, and we're going to see who
the big winners are. Now, many of these banks do

(08:01):
have their large customer bases and their own ecosystem, so
you know, that could work out really well. They don't
necessarily need mass distribution because they have millions of customers.
So I think the big banks are gonna win out
for sure. The big question I have here is which
public blockchain, because this report does not give the details,
So we're going to have to wait and see. You know,
most often we've seen Ethereum be the first, but Solon

(08:23):
has been getting some pickup as well. We heard about
the news of Western Union launching as stable coin in Solana,
so let's see, or it could be something else, right,
but very bullish, I mean, just look at what these
banks are doing, folks. They're launching stable coins, they're tokenizing,
they're launching crypto trading and ETFs and custody and much more.
It's amazing stuff, all right. Look at this xr ETFs

(08:46):
have surpassed one billion dollars in total assets. Big milestone
here for XRP remember it was launched not too long ago,
and there's been a lot of demand for this assets
despite the haters and the people who are tribal. Right,
it's why i hold the asset in my portfolio. But
I'm also diversified, right, I hold Bitcoin, Solona, Ethererem and

(09:07):
so forth. So huge news here for the XRP ETFs.
And you know, it's weird because all these people are
buying bitcoin ETFs e XRP Solana are they buying as
we're heading into a bear market? You know, these are
the questions I have, and I pose that question that
it doesn't seem like this thing is over based on
macro factors and all these things that are ahead, especially

(09:29):
crypto market structure and much more so, just some food
for thought. And look at this. Bit Wise has filed
with the SEC to offer a spot suite ETP. So
we're going to continue to see more all coin ETPs folks.
They're going to go down the list, right, They've gone
from the top five, they're going to go to the
top ten, fifteen, twenty and so forth. So this is
really great, huge on raps being built for the crypto

(09:53):
acid class and we're just in the early innings here.
I know the price does not reflect you know, all
this great news, but eventually will We just got to
be patient. You gotta be patient, folks. You got to
control your emotions. I know it's hard. I'm not saying
it's easy, but this is where you know the money's
made when you go through these cycles and you learn

(10:15):
the cyclical pattern of the markets. And right now we
are in a downturn. But I do believe we're going
to bottom out and start rallying. You know, we've been
tracking global liquidity, what the FET is doing as they
have started quantitative easing. Japan most recently approved a one
hundred and eighteen billion dollars stimulus and much more. So
let's see how things go. Obviously, expect volatility. Obviously expect

(10:37):
there could be a dump tomorrow. Right, These things are
part for the course, so don't let them phase. You
have the macro view. When you look at the market
and the charts from a macro view, you just see
a continual uptrend, right, folks. So these are things that
keep in mind. But that's the news. Folks. Let me
know what you think. Leave your thoughts and comments below,
hit the thumbs up button. Subscribe. If you haven't as yet,

(10:58):
please support the podcast by subscribing to my free email newsletter.
It is one hundred percent free. Link will be in
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and my course at Mycrypto course dot com. This is
a comprehensive course that teaches you everything you need to
know about crypto, so check it out, folks. Folks, heads up,

(11:18):
I will be traveling starting tomorrow into next week for
the holidays with the family, so there's going to be
limited content. I will still be publishing and I'll give
you guys some updates as things you know come up,
but expect limited content. So just heads up, and you know,
happy holidays, Merry Christmas. That everybody ahead of time. But
thank you guys for tuning in. I appreciate you all

(11:39):
and I'll talk to you all later.

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