11th April 2026 > > The stablecoin revolution & the CLARITY Act.

tl;dr

The stablecoin revolution is a moral calling. A screeching U-turn by Coinbase is begrudgingly welcomed.

Market Snap

Market Wrap

After all the doom and gloom of recent times, suddenly today all you can read are positive predictions for the price of BTC. All those techies who spent months drawing squiggles to justify their claims of $57k, $49k, or even something in the 30s are now pointing at the 80s and specifically $88k.

There is still a war going on in the Middle East, and that can erupt badly again at any time. If you are a long-term investor, keep on stacking sats whether that is daily, weekly, or monthly. If you are a short-term investor, you will only ever lose money, so go off and do something more productive instead.

Curious Cryptos’ Commentary – The stablecoin revolution

We have rehearsed the arguments for the imminent stablecoin revolution on many occasions.

Instantaneous settlement for virtually no cost in a regulatory-approved stablecoin collateralised at more than 100% with cash or cash-like instruments is a no-brainer for individuals and corporations alike. Everyone benefits, not least the world’s diaspora of poor and dispossessed whose grinding, physical work overseas to provide money for relatives at home will no longer be fleeced for up to 30% or more of those wages by TradFi and the multitude of parasitic middlemen.

For that last reason alone, the stablecoin revolution is a moral imperative for which we must all strive to accomplish together.

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Chainalysis has produced an early version of a forthcoming report “The New Rails: How Digital Assets Are Reshaping the Foundations of Finance”, one that I am eagerly awaiting to read in full when it is released. The diminutive blog version is to be found here:

https://www.chainalysis.com/blog/stablecoin-utility-future-of-payments/

Let’s look at some headline numbers.

The notional of stablecoin usage in 2025, predating regulatory clarity with virtually no institutional involvement, totalled an impressive $28 TRILLION. That cannot be described as shabby from anyone’s perspective.

Chainalysis predicts that by 2035 – a long, long way away, I know – volumes will reach a mind-boggling $1.5 QUADRILLION, 50% higher than today’s cross-border payments, the latter of which a notable proportion is illicit dirty fiat funding drugs and terrorism. Once we move to using stablecoins, those transactions will not stay hidden on the public blockchain for long, to the benefit of literally everyone.

I suspect that Chainalysis’ prediction for the total volume of trades is an underestimate, and an overestimate for the time taken to get there.

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Two key inflection points are identified in the report:

“1. Generational wealth transfer: $80-100 trillion will move over the coming decades from Boomers to Millennials and Gen Z, generations where nearly half have held or currently hold crypto, per 2025 Gemini survey results.

2. Point-of-sale saturation: As more merchants accept stablecoins, paying with crypto shifts from a deliberate choice to default payments infrastructure — the same transition credit cards made over cash.”

It is going to happen, and any TradFi institution that is not on board soon (check out Vanguard’s abrupt about-turn in its self-satisfied moral certitude about spot BTC ETFs, if you do not believe me), will simply wither and die.

Curious Cryptos’ Commentary – The CLARITY Act

Following Scott Bessent’s call to arms (https://www.curiouscryptos.com/post/10th-april-2026-the-clarity-act), Brian Armstrong, CEO of Coinbase, has rejoined the fray:

I am a big supporter of Coinbase, which has long been a core holding of the CC Treasury stock portfolio, but I feel duty bound to point out that about three months ago, it was Brian who put the kibosh on the passage of the CLARITY Act by saying he – and by extension he meant the crypto industry – could not support it in its current form.

Well, the bill hasn’t changed. The big issues remain as they were. All that has happened is that we have lost some time, and given the naysayers breathing space, neither of which is beneficial for humanity.

But it is only a matter of time. Once the CLARITY Act is in place, nobody will boast that they delayed the world’s best payment rail over committee‑room squabbles.