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Stablecoin Gold Rush: A $200 Trillion Opportunity | Rob Hadick

Bankless

Bankless

Technology, News, Tech News

4.71.2K Ratings

🗓️ 14 April 2025

⏱️ 65 minutes

🧾️ Download transcript

Summary

Stablecoins are no longer a niche crypto curiosity—they're a full-blown financial revolution.

In this episode, Rob Hadick, General Partner at Dragonfly, joins us to unpack the emerging stablecoin tech stack and why cross-border payments, savings, and financial infrastructure are being rebuilt from the ground up.

From Circle and Tether to next-gen orchestration layers and stablecoin-native blockchains, we explore why this $200 trillion global opportunity is only 5% unlocked—and who stands to win the most.

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TIMESTAMPS

0:00 Intro

5:08 Why Stablecoins?

6:50 The Stablecoin Train

20:26 Stablecoin Network Effects

22:55 Stablecoin Payments: Who Actually Wins?

26:51 Orchestration Layers

41:53 Stablecoin Blockchains

52:53 Stablecoin Singularity

56:03 Traditional Banks

59:38 Non-USD Stablecoins

1:02:05 How Many Stablecoins?

1:05:03 Circle IPO

1:09:32 Closing & Disclaimers

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RESOURCES

Rob Hadick

https://x.com/hadickm

Stablecoin Payments: Who Actually Wins?

https://medium.com/@HadickM/stablecoin-payments-who-actually-wins-ebd72a1cc8b3

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Not financial or tax advice. See our investment disclosures here:

https://www.bankless.com/disclosures⁠

Transcript

Click on a timestamp to play from that location

0:00.0

All I would say is if stable coins are inevitability at this point,

0:05.0

and if you are building in fintech and or at a payment company,

0:10.0

and you aren't actively figuring out how do I future-proof this business for stablecoins,

0:15.0

you're going to lose.

0:26.6

Welcome to Bankless, where we explore the frontier of internet money and internet finance. And today on Banklist, we are exploring the frontier of stablecoins.

0:29.6

The stablecoin conversation in crypto goes all the way back.

0:32.6

You can find discussions of stablecoin concepts as far back as the Bitcoin talk forums, which was the original

0:38.4

venue for all of crypto's great ideas. In 2025, the conversation continues. Stable coins have been,

0:44.5

and seemingly always will be, an incredibly important part of the crypto revolution. Things are a

0:49.4

little different now, however, in 2025. Things are no longer conceptual. The emergence of stable

0:54.0

coins like USEC and

0:55.5

Tether have grown into a $200 billion market cap asset class, and the performance of blockchains

1:00.3

have risen to match the needs of internet-based stablecoin settlement networks. Because of these

1:04.7

unlocks on the crypto tech tree, we are now finally seeing startups weave together the old siloed

1:09.8

financial system into new internet public

1:12.0

blockchains. And it's because of the utility value of stablecoins that so much progress

1:16.3

has been made over just the last year. Rob Haddock, the guest on the show today, says that

1:20.5

he is seeing 30% month-over-month growth of cross-border stablecoin volumes. All of this, combined with a regulatory clarity and

1:29.1

stablecoin bills that are passing through the United States Congress, are creating a gold

1:32.8

rush in the stable coin economy. Everyone is trying to get a piece of the incredible amount of

1:37.4

value that is going to be produced by the invention of stablecoins. It's also interesting to note

1:42.3

that during the times of Donald Trump's isolationism

...

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