Halkin is pleased to announce that Felix Martin and Charlie Morris will lead a discussion on The outlook for Stablecoins in the light of the recent US Senate approval of the GENIUS Act. This lunch will take place at El Vino, Blackfriars, at 12.35pm for 12.45pm on Thursday 17July. 2025.
Stablecoins were first launched in 2014 to counter the hefty banking restrictions placed upon Bitcoin and crypto markets. They have grown into a $257 billion industry, with most tokens issued in US dollars.
While Bitcoin – the original and by far the largest own-standard cryptocurrency has tokens in circulation worth $2.1trn – nearly 10 times the value of the two biggest stablecoins, USDT and USDC – less than 3% of those Bitcoins change hands each day, compared to almost 40% of the two stablecoins. The stablecoin represents digital cash, which can be transferred around the world without a bank. The issuer is incentivised as they pocket the interest, making it the most profitable and scalable business model ever known. Even governments are coming around to the idea, as the issuers buy their bonds. The implications for banking, financial markets, trade settlement and so on, are mind blowing.
Please join Felix Martin, author of Money, the Unauthorised Biography, which is excellent, and Chalie Morris, founder of ByteTree (which has its roots in digital assets), for a lively discussion on the potential, and the risks, for this fast-growing market.