Brain Dump - The Challenges Behind a "Stablecoin Venmo". Many of us in crypto have thought about a "stablecoin venmo" app - I wanted to go in depth and understand why, and how this idea has a graveyard of dead startups - let's break down the idea maze here with a set of questions around this... See more

the first and primary function of the card was to identify buyer to seller and seller to buyer. [...] The seller would receive good funds in local currency and the buyer would be billed later in the currency of their country. Thus, the second primary function was as guarantor of the value data. Clearly, it warranted to both buyer and seller that

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