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Muddying the Stablecoin Waters- Not a Genius Move
John and Glen tackle the key takeaways from recent market headlines: Open Ai’s commercial relationship with Walmart, the temporary “de-pegging” of so-called stablecoin Ethena (USDe), and the warning flare it sets off for broader stablecoin adoption. Plus- Zelle goes global, and people still have a lot to say about Section 1033.
Links related to this episode:
- The Open AI/Walmart partnership: https://www.cnbc.com/2025/10/14/walmart-openai-chatgpt-shopping.html
- The Crypto Times’ coverage of USDe’s brief “depeg” incident: https://www.cryptotimes.io/2025/10/13/ethena-founder-clarifies-usde-stablecoin-depeg-incident-on-binance/
- Zelle’s move into stablecoin and cross-border payments: https://www.prnewswire.com/news-releases/zelle-goes-international-early-warning-expands-1t-payments-network-with-stablecoin-initiative-302593440.html
- Payments Dive’s article on the deluge of Section 1033 comments: https://www.paymentsdive.com/news/cfpb-open-banking-comments-stripe-jpmorgan-mastercard-aba-fta-eta/803570/
- FedNow’s Q3 transaction and volume data: https://www.frbservices.org/resources/financial-services/fednow/quarterly-volume-value-stats
- RTP’s Q3 transaction and volume data: https://www.theclearinghouse.org/payment-systems/rtp
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