7th April 2026 > > Snake-oil & the stablecoin revolution.
- 1 day ago
- 3 min read
tl;dr
Snake-oil salesmen are having a tough time of it. Thumes and SWIFT herald the start of the stablecoin revolution.
Market Snap
Market Wrap
The latest deadline for Trump’s latest threats is later today I believe. We are seemingly stuck in a loop.
Occasional Series – Perhaps I forgot to mention this
Curious Cryptos’ Commentary – Snake-oil
We have seen a material reduction in the open interest of BTC perps in, what, the last three months? Good. Better than that. Excellent. Let the sharks feed off themselves, rather than off small retail clients who cling to the idea that Technical Analysis is anything other than a charade to encourage them to be eaten.
Some proponents of TA (wanting, but surely failing, to be sharks themselves) have been promoting this idea:
They might be right. They might be wrong.
Bollinger Bands are less reliable than a coin toss. Ignore these sirens calls of those who know nothing. TA will only ever tell you what happened in the past. It has no insight to the future.
Curious Cryptos’ Commentary – The stablecoin revolution
Following the passing into law of the GENIUS Act last year in the US, which provides regulatory clarity and respectability to USD denominated stablecoins that adhere to the mandated requirements regarding collateral, auditing, reporting etc., the CCC made the bold claim that this kickstarted the stablecoin revolution with the expectation that within just a few short years the vast majority of international dollar payments will be settled instantaneously at virtually no cost using blockchain based technology. The big winners from this revolution? Well, all of us, but especially the poor and dispossessed whose global diaspora lose the most from the rapacious fees demanded by TradFi (*).
The stablecoin revolution is as much as a moral crusade as anything else. Naysayers are on the wrong side of history, justice, fairness, and equality. They wish only to maintain their hegemonic position in society to the detriment of those less fortunate. They care not for anyone but themselves.
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With the legislation in place, now we need the infrastructure.
SWIFT (Society for Worldwide Interbank Financial Telecommunication) handles 45 million transactions and an estimated $5 TRILLION of value daily. SWIFT SC is owned by large TradFi banks with allocations linked to their usage of the network. It is well-established but, like the naysayers, its hegemony will be challenged unless it adapts to this brave new world.
Which is exactly what it is doing.
Thunes is a bridge between the dirty fiat world and cryptos in the form of stablecoins:
“Thunes' Pay-to-Stablecoin-Wallets solution, launched in October 2025, supports USDC and USDT, empowering banks and financial institutions and their customers to send instant, 24/7 cross-border payments in over 140 countries, directly to stablecoin wallets. A salary payout, a family remittance, or a business transfer can now move instantly from a bank account to a stablecoin wallet, giving recipients immediate access to funds, 24/7, with greater stability and protection from local currency volatility.”
Thunes has announced a partnership with SWIFT that offers the potential to realise the dream of the stablecoin revolution. Chloé Mayenobe, Deputy CEO at Thunes, explains:
"This is a defining moment for cross-border payments. By combining Swift's secure and resilient global banking infrastructure with Thunes' payout solutions, we're unlocking a new era of global money movement. Banks can now move value instantly across any rail - fiat or stablecoin - within a trusted, compliant network, using their existing Swift connection. Thunes is powering borderless, digital-first payments and advancing our vision to connect the next billion users to the global economy."
This is big news. TradFi need change none of its plumbing to get involved, whilst clients will demand instant and almost fee-less settlement when making or receiving payments, forcing TradFi to get involved. The old way of doing things will not survive 2026.
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(*) In a very rare example of the UN doing something useful for humanity (ignore the Thunberg-derived climate change fluff), it produced this report which is well worth a read:
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