hi nostr We’re testing moneydevkit on mutinynet. If you want to give it a try dm me

Really struck by people asking us about stablecoins. It’s clear no one has actually tried to use these things. The stablecoin ecosystem was already fragmented across two coins and n+1 chains, now with everyone issuing their own stablecoin, the whole thing is a disaster. Any broadly compatible UX has you choosing which coin, which chain, “ONLY DEPOSIT USDC ON SOLANA” It’s clear that banks / VCs think stablecoins are it, but for normal people doing normal things, the UX is absolutely abysmal. It is web3 all over again. It’s the third time I’ve seen the crypto playbook in action and it still falls flat. - big partnerships - lots of money - all marketing, no substance “But Nick the stablecoin UX will be simple, you will just have a bank account and dollars, everything else will be in the background” That’s great for people with these theoretical bank accounts, but ultimately what you’re talking about is slightly upgraded tradfi, not access and tam increasing internet money. What we see with moneydevkit is many, many more people being able to generate value online, and the same barriers to entry to accepting value online. Stablecoins are not on a path to fix this meaningfully. They’re on a path to create a new visa, which is ultimately uninteresting and cannabalistic as opposed to generative. We are going much bigger.