Visa Just Supercharged Stablecoin Legitimacy

Mar 30, 2021

Today’s episode of “The Breakdown” is an extended brief with five different topics:

• NFTs make it to “SNL”
• “Green” bitcoin mining
• Square’s CFO thinks all companies should hold bitcoin in their treasuries
• Crypto M&A doubles in 2020
• Visa announces USDC as settlement currency 

Ultimately, he argues that while non-fungible tokens are showing up in pop culture, the Visa deal reinforces the notion that this crypto bull market is being driven by large-scale institutional engagement.

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