Ikuma shares his experiences from his travels to various cities and discusses the rise of stable coins, particularly focusing on JPYC in Japan and the USDC. He explains the importance of stable coins for the cryptocurrency market and the impact on financial systems and innovation. The speech delves into the strategies of key players like Teza, Stripe, Ripple, and Coinbase in the stable coin market. Overall, Ikuma emphasizes the significance of stable coins for the future of blockchain technology and the financial industry, highlighting their role in increasing transparency, efficiency, and innovation.
Transcription
5772 Words, 28077 Characters
Konnichiwa, I'm Ikuma.
Tane FM is a Tane podcast with a quick and native startup in New York, Tokyo.
Thank you for coming.
Today's video is about two or three months long.
Since the end of July and October, I went to San Francisco, New York, and then to Tokyo after that.
I wanted to record a lot of things there, but I didn't have a good environment, so I went all the way here.
At the time, I was told that I wouldn't be able to do anything, so I finally came back to Dubai.
It's been a long time since I've recorded a video.
When I first came back from a light chat, I came back to Dubai in two months.
It's been only two months, but it's been about 10 minutes since I first came back, and it's been about 30 to 40 minutes.
I think that's been going up a lot.
I think everyone is feeling this, and the government is trying to solve it, but I think it's going to take a while.
The United States, and Japan and the rest of the country, have developed various cross-border means so far.
I don't really drive much in Tokyo, so I don't know much about it, but I think it's going to be easy to move and easy to handle.
I feel like I can change my mind and feelings.
I don't want to move a lot in Dubai, for example, during the evening.
I think it's a little difficult to move, but I think it's something I'm afraid of.
I think it's important to be able to drive fast, or to be able to drive on a bicycle, or to have such a design in the city.
I want to talk about the stable coin this time.
At the end of October, JPYC launched in Japan.
After this year, when I look at the economy, it has become a Trump economy, and it has advanced to the state-owned stable coin called the genius foreman.
In July, the US was under fire, and Japan was probably in a crisis before, but after the US was declared, everyone was in the stable coin.
When it comes to events, people from the companies who don't come to events such as the Web3 and Crypto often show their faces.
I felt that something has changed a lot.
I went to New York with San Francisco.
San Francisco was like a paradise.
There were a lot of people in the industry who were involved in innovation, but in New York, there were a lot of people who went to events, and there were a lot of people who were like a big enterprise.
Especially, there were a lot of startups related to stable coin, and services related to that.
In Japan, JPYC launched recently, and they are trying to use stable coins in the media.
Today, we are going to talk about how stable coins are regulated and why it is important.
First of all, it is a regulation of stable coins, but stable coins are a digital tool designed to connect value and value with a specific asset.
In particular, they are launching it on the blockchain.
In fact, the context is that stable coins have become a little smaller recently, but the price change is large, and there is a lot of volatility, so it is easier to use when you bring it after trading.
Also, I think this is the case, but it is easier to use when you use it as a currency, so I think that's why it came out.
There are a lot of types, but the popular one is the one that made the stable coins.
In Japan, Europe, and other countries, it is a mechanism that is used to promote stable coins, so it is a mechanism that is used to promote stable coins.
There is another type of stable coin, which is a famous maker of DAI, and it is a stable coin that is used for Bitcoin, Ethereum, etc.
Since this is a stable coin, it is a bit more expensive than one-to-one.
There is a problem with the initial efficiency, but there was such a thing.
For those who think that it is important to have a long life in crypto, or that it is important to have a lot of asset distribution, it is okay to have a stable coin.
It is also okay to have a lot of asset distribution, but I will not touch it today.
Another example is that it is a mechanism that is called an algorithm, and it is a mechanism that allows you to stabilize the value by using the algorithm.
The famous one is the Terrarium USD, and at that time there was a lot of hope, but I have a bad image that the mechanism collapsed.
Recently, I think that the USDE, called ETHENA, will also enter this mechanism.
I will introduce the mechanism later on about SNA.
As a feature, what is the difference between a stable coin feature and a stable coin feature?
For example, it is possible to have an immediate settlement in 24 hours, 365 days, and a day-to-day settlement.
If you wait for a few days or three days, you will be able to have a settlement risk.
It is also good to have a settlement efficiency.
You can also have a settlement risk by posting it on the blockchain, and the settlement rate of the settlement risk is higher than that of bank accounts.
There is a basic blockchain system called transparency, so I think that this will also be connected to the trust structure.
Also, there are times when you want to hide something, especially when it comes to business needs, so I think that the stability and privacy of the stable coin will come out in the future, so I think that it will come out there.
Another thing that is often said is that this can be done on the blockchain, so you can set up smart contacts by programming, and you can do various things automatically.
You can also use composability, and I think that this can be done with a lot more efficiency because it has such a feature than a standard blockchain.
This is the basis, so if you think about why it is important and why it is being focused,
why it is important is that it can be done on the blockchain, and it can be done on the blockchain.
I think that it can be done more and more on the blockchain, and the stable coin is a very important piece.
In particular, when you look at the contents of the SEC's top project crypt, you can see that it will be done more and more on the blockchain, so you are preparing for the next step.
If you don't have a stable coin, and you don't have a stable coin, and you have high volatility like I said in the previous part of the video,
you will not be able to support the use case like saving, saving, earning, and earning money, so I think that stable coins are needed.
The stable coin is probably the most product market hit in the crypto blockchain.
In fact, there is a transaction of BISAMAS at the time of 2024 last year.
In that sense, it is already a fact, and it is expected to be done at that point.
In fact, if you look at the stable coin, you can see that it is 3,140 billion yen, which is 314 billion yen.
In Japan, it is about 50 trillion yen, so it has become a lot of money.
The TESA circle is a part of that.
TORIKIDAKA also went to BISAMAS earlier, but in the last year, it is about 27 trillion yen.
When I think about how much it is, for example, it is said that it is about 7 trillion dollars worldwide for foreign currency trading.
It is still a stable coin, but it is said that it will increase by about 200 trillion dollars in the world.
Compared to that, it is still going to grow, but it is still growing with a lot of momentum.
Here you can see why it is important and why it is growing.
Next, it is about the climate.
I think this is a good point for the people of Ben-Gosh, but if you touch it gently,
First of all, from the palace, the genius act that I mentioned earlier was established by Urezukeshi-san and GIM,
and it was decided that how it can be announced.
On top of that, if you go to the point where you should pay attention to the climate,
I would like to talk a little bit more about SAC's "Polar Atkins" that was announced in the speech at the end of the last week called "Project Crypt."
As a goal, it was made a long time ago, so it was planned to respond to blockchain technology or digital assets.
From what I said, I think there was a lot of impact to the top of the climate control industry.
Basically, I think the off-chain and the gold system are probably being done,
but the blockchain-based system is gradually accelerating.
According to that, it is aimed at the efficiency of the gold trading system and the cost-effectiveness of transparency.
In America, there is a concept of how to support innovation.
In the case of Biden, it was the opposite.
There is also a concept of how to protect and protect innovation, as well as how to do business in America.
If you look at the initiative of Project Crypt, I think it would be interesting to see the details, so if you are interested, you might want to see it.
There is another thing that I think is a little bit more interesting.
I think it was recently released on Twitter that you can access it on the Japanese and silver networks.
It is a story about how the Fed is trying to access the blockchain system directly to the public for the sake of the development of the Fed.
In this case, it is easier to do business with a new player, because you can increase the reserve, and increase the resolution.
On the other hand, it is a betrayal, but it is said that the traditional gold and gold institutions will be more aggressive.
I think this is a good mechanism, and gold is a rare business.
Basically, any country has a rare business, so it has a strong license, and it has a bank license.
If it is a stable coin economy, it is a conscious business.
It is often said that it has a lot of licenses.
This time, I think the Fed's movement is going to break it down a little bit.
It is still in the middle of the competition, but it is said that it will be announced in detail next year.
In the US, the Fed has designed a stable coin economy as a electronic financial system.
It has a license for the development of the market and the Chinese company.
It has a type of financial management such as the new business or the financial department.
In terms of Europe, it has been designated as part of the Angus company, and it has been established that it can be put out.
However, I don't really look at the details of Europe, but it is said that it is a little difficult to tell the country.
So, as a whole, the US is starting to advance in terms of the rules.
According to the rules, the future financial system has also been introduced, and the new economy is now in the center of the seven points.
Next, I will show you what kind of players are trying to do in the competition environment.
I thought it would be nice to introduce it to the players, but as a rough appearance,
if you look at the center of the stable coin, the price is very high.
I forgot to mention the exact price of 90% of the stable coin, but it is very likely that it is a stable coin related to the US.
Teza is in the middle of it, and Nibbante is in the circle.
Recently, Strype's bridge came in and tried to make L1, and there were some SNR, and there were some Ripple.
I will touch on a little bit about the individual players.
First of all, the Teza is a little bit more complicated. If you compare it to the circle, it is a little bit more complicated.
It is a little bit more complicated, but it is a little bit more complicated.
In the past, I was asked if there was a good position for the Tampo.
I think it is only taken as a back-in.
Recently, I have been looking at the situation from the beginning to the end of the Trump administration.
I think I will continue to do it in the future.
In general, it is about $156 per year, and it is quite a big back-in.
The development of the distribution is interesting.
I use video platforms, and I use people who listen to my message.
I want to do it properly in a way that is a little different from the past.
There is also lobbying.
There is a lot of American and American big-point and gold in the US.
The US Bank of China is doing a lot of things like the second round of the big-point and the second round of the big-point.
It is about the level of the country and the people.
I think it will be calculated, but it is a lot of money.
In fact, there is news that there are a lot of soft banks and a lot of big-point funds.
I think I am trying to take the strategy of a little different from earlier, and there are a lot of places where there is a lot of positioning, and there seems to be a lot of cooperation.
There is a lot of network effect when you think about the production of additional products, and it becomes stronger as time goes by.
The most important thing is that you can use USDT anywhere, and there are also products that use USDT.
There are various ways to use it after you get it, so it's good.
It is also good to have mobility, and it is also convenient when you do OTC.
I think it is easy to choose.
It is often said that it is better to have a circle in a circle like a century.
But if you use it, it is good to have a strong position even if there are various places in the future.
I forgot to say that I announced the L1 blockchain in Tezawa, and I am trying to make a chain myself.
Next, if you go to a circle, it is easy to use in Tezawa, and it is a popular place, so it is easy to use in the enterprise.
There was a time when I had a hard time, and I was trying to buy a lot of companies, and I was trying to buy Ripple.
Recently, I was trying to buy a coinbase, which I have been doing for quite a long time, and I thought it would be a good place to buy a stable coin.
It is a stable coin called USDC, and I was trying to order it properly.
This year, I did IPO from June 5th to June 6th.
It was about USD$30, but it was the best price, and it was about USD$300.
In fact, the characteristic of this circle is that it has a strong connection with the coinbase, and it is a large area other than the trading amount of the coinbase.
As you can see, there are a lot of orders of USDC on the coinbase platform, so there are a few hundred orders on the second half of the last year, and this year it is growing more and more.
I think there is a trend of increasing the annual value of the coinbase, and there is a trend of increasing the annual value of the coinbase.
This year, the USDC exchange rate is growing, and there is a trend of increasing the annual value of the coinbase, and I thought it would be a good place to buy a stable coinbase,
and I thought it would be a good place to buy a stable coinbase, and I thought it would be a good place to buy a stable coinbase, and I thought it would be a good place to buy a stable coinbase,
and I thought it would be a good place to buy a stable coinbase, and I thought it would be a good place to buy a stable coinbase,
and I thought it would be a good place to buy a stable coinbase, and I thought it would be a good place to buy a stable coinbase,
and I thought it would be a good place to buy a stable coinbase, and I thought it would be a good place to buy a stable coinbase,
and I thought it would be a good place to buy a stable coinbase, and I thought it would be a good place to buy a stable coinbase,
and I thought it would be a good place to buy a stable coinbase, and I thought it would be a good place to buy a stable coinbase,
and I thought it would be a good place to buy a stable coinbase, and I thought it would be a good place to buy a stable coinbase,
I thought it would be a good place to buy a stable coinbase, and I thought it would be a good place to buy a stable coinbase,
and I also thought it would be a good place to buy a stable coinbase,
and I thought it would be a good place to buy a stable coinbase,
and in fact, we can distribute the stable coin usdb or usdb as we own a stable coinbase,
so I think it will be a good place to buy a stable coinbase.
We are also launching the stable coinbase, but as a point of view of the crypto blockchain, there is a distribution, and there is a strong support,
and the permissurized environment, such as the Credible Neutrality, can be made by anyone, and there are many things that can be done without permission.
As you can see, there is a paradigm, and the tempo is quite similar to the color of the stripe, but we are talking about the permissurized environment,
so I think it will be a good place to buy a stable coinbase, and I think it will be a good place to buy a stable coinbase,
and I think it will be a good place to buy a stable coinbase, and I think it will be a good place to buy a stable coinbase,
so I think it will be a good place to buy a stable coinbase, and I think it will be a good place to buy a stable coinbase,
so I think it will be a good place to buy a stable coinbase,
and actually, as I said before, the stripe has a lot of customers, and it has a number of millions of orders,
and it has a number of orders, and it has a number of orders, and it has a number of orders, and it has a number of orders, and it has a number of orders,
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Podcast Summary
Key Points:
Ikuma introduces himself and discusses his recent travels to San Francisco, New York, Tokyo, and Dubai.
He talks about the development and regulation of stable coins, focusing on JPYC in Japan.
Ikuma discusses the importance and growth of stable coins in the cryptocurrency market, especially in relation to the USDC and Teza.
The speech touches on the impact of stable coins on the financial system, transparency, and future innovation.
Ikuma mentions various players in the stable coin market, such as Stripe, Ripple, and Coinbase, and their strategies for growth and innovation.
Summary:
Ikuma shares his experiences from his travels to various cities and discusses the rise of stable coins, particularly focusing on JPYC in Japan and the USDC. He explains the importance of stable coins for the cryptocurrency market and the impact on financial systems and innovation. The speech delves into the strategies of key players like Teza, Stripe, Ripple, and Coinbase in the stable coin market.
Overall, Ikuma emphasizes the significance of stable coins for the future of blockchain technology and the financial industry, highlighting their role in increasing transparency, efficiency, and innovation.
FAQs
Tane FM is a Tane podcast with a quick and native startup in New York, Tokyo.
Ikuma traveled to San Francisco, New York, and Tokyo.
Stable coins are important as they provide stability in a volatile market and enable various financial use cases.
Popular types include those backed by a specific asset or algorithm, such as DAI and Terra USD.
USDC has a strong connection with Coinbase, with a large volume of orders on the platform.
Transparency in stable coins helps build trust among users and enhances the efficiency of settlements.
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