--- image: "/images/notes/electricitys-playbook-stablecoin-wars.jpg" title: "Electricity's Playbook for the Stablecoin Wars" date: 2025-05-04 url: "https://x.com/ccatalini/status/1919031578706989528" tags: ['stablecoins-payments', 'policy'] deck: "Westinghouse locked in the marquee distribution deals and used cheaper, easier-to-scale AC to undercut Edison. Secure the gateways and keep fees low, and the stablecoin crown is yours." tweetCount: 5 likes: 28 reposts: 6 --- Electricity’s playbook for today’s stablecoin wars: Westinghouse locked in the marquee distribution deals—Chicago World’s Fair, Niagara Falls—and used cheaper, easier-to-scale AC to undercut Edison. Secure the gateways and keep fees low, and the stablecoin crown is yours. Move fast while the sockets are still wobbly: once regulators stamp “60-hertz” on every coin, they will all trade like bulk electrons—reliable, boring, and priced by the kilowatt. Secure the distribution now. Win distribution first, then move up the value stack. Software still eats the world. But a well-armed phalanx of fintechs and legacy banks has a survival-level interest in stopping that. The real question, then, isn’t whether software will eat the world, but whose software gets the seat at the table. Hoard the upside and the network stalls. Share real ownership and it flies—Visa only took off after turning BankAmericard into a bank-owned co-op, giving thousands of banks skin in every swipe. More in the article!