Welcome back to The Breakdown with me, NLW.

It's a daily podcast on Macro, Bitcoin, and the Big Picture Power Shifts remaking our world.

What's going on, guys? It is Sunday, July 6th, and that means it's time for Long Read Sunday.

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ly slash breakdown pod. Hello, friends. Welcome back to another Longread Sunday. Today we have two pieces, both about

stablecoins, one of our big themes of the year, alongside Bitcoin and potentially emerging its head

tokenization. And the first is by Paul Brody and is called The Future of Money is streaming now.

Stablecoins will allow companies to shift to a financial streaming model that could free up trillions

in capital for new investment.

So let's turn it over to the AI version of myself to read this piece, and then I will come

back and talk about it.

We stream data, we stream music, we stream video.

Thanks to Stablecoins, we were about to start

streaming the whole economy. U.S. dollar stablecoins recently hit a milestone. They represent about

1% of the U.S. money supply, based on the M2 measure. Not a big deal you may be thinking,

but in fact it might become one in the near future. Stablecoins are growing at a phenomenal rate, about 55% per year.

While that is unlikely to continue forever, it is not hard to foresee a future, less than

a decade away, where stable coins represent an amount equal to about 10% of the M1, which is

defined as cash notes in easily accessible digital money like current bank accounts.

Stable coins are designed to be easily accessible and usable, which certainly seems like it would

...