Digital Assets
Stripe's Endgame
How Stripe is building the world's first unified fiat-crypto payment stack at scale.
Marc Baumann
Newsletter
131: Stripe x Shopify x Privy =
Hey, it’s Marc. Stripe is not stopping: It acquired the wallet leader Privy and enabled millions of Shopify merchants across 34 countries to use stablecoins. Then: For over a decade, Bank of America dismissed crypto as “troubling.” Quietly, they were building the largest blockchain patent portfolio in finance. This
Digital Assets
Stripe just locked down the entire crypto stack
acquires crypto wallet leader Privy with 75M+ accounts.
Signals
Tether is not a stablecoin company
It’s quietly building the monetary operating system of the Internet.
Newsletter
130: Circle IPOs, Jamie bends and Wall Street buys in
Hey, it’s Marc. Three years ago, crypto was dead, IPOs were frozen, and Jamie Dimon called Bitcoin a fraud. This week: * Circle IPO’d, surged 4x, and is now trading at a $20B+ valuation. A business that earns a net interest margin is now trading at 146x 2024 earnings.
Signals
Circle's IPO is more than an IPO
Circle's $18B IPO just changed everything. It's the start of a new capital rotation, away from tokens into companies.
Signals
Google kills the checkout
Why this is the beginning of the end for e-commerce as we know it.
Newsletter
129: $2.3T just moved to stablecoin rails
Hey, it’s Marc. Circle filed for a $6B IPO with BlackRock backing it, while Worldpay, yes, the $2.3T payments behemoth, just plugged stablecoins into 180+ countries. And now, Stripe is in talks with banks to build stablecoins into global payments. This week’s top enterprise signals: * ETH gets
Reports
Stablecoins x AI: The next supercycle?
Our Stablecoin x AI report is out now (PDF below) Stablecoins and AI are quietly reshaping global finance. Stablecoin volumes hit $700B monthly, and tech giants like Google and Tether are racing to control machine-to-machine money. The implications? A complete rewrite of the financial stack and trillion-dollar shifts in business
Newsletter
128: What dies first?
Wall Street just got tokenized. For real this time.
Signals
The AWS moment of finance
Robinhood's push to put Wall Street onchain.
Newsletter
127: JPMorgan, Mastercard, and Dubai go onchain
Hey, it’s Marc. Another big week for stablecoins, as Mastercard integrates them for 150M merchants together with MoonPay. * JPMorgan becomes first global bank to settle financial transaction on public blockchain. * Databricks bets $1B on AI agents * Dubai introduces stablecoins And much more. Let’s unpack it. → Coming soon: our