Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
In 2018, Bitcoin trades around $ 4000 and most Americans thought that cryptovernment was a fad stage of argument In front of Paul Krugman in Mexico, the Nobel Award-winning economist, denied digital assets worthless. As Krugman Bitcoin focuses on the wild price change, Haun managed the steering wheel against anything else – Stablecoins.
“StackLecoins said that this ecosystem is really interesting for hedging against variations,” he said, “On stage, the US dollar could offer the benefits of blockage technology without the ups and downs of digital verses.
Krugman completely rejected the idea.
Haun’s career was not a full turning point, but it was a moment among others that helped to identify it. Moreover, financial crimes, including the government’s first cryptocutribunciation team and leading research, Silk Road claim MT. The GOX hack and corruption agents, had an unusual background for Haun crypto. Libertarian was not a ideologue or technological founder. Coming from law enforcement agencies, realized the criminal potential and legal use of digital assets.
Until 2018, he had already created history as the first female partner in Andreessen Horowitz, who has already organized cryptists. Builders of Haun Enterprises in 2022Assets with more than $ 1.5 billion, the team now invests from a new recent collection of funds that are officially close – it is even more free to continue their unique beliefs related to the future of money.
The leap to hang on your own shingle has never been without his complexity. Despite the role of A16Z and its role in industrial relations, it has not been obvious since two people timely 2022Shortly after starting the Foundation, Haun, who joined the Coinbase Council in 2017, last year in 2020 Marc Andreessen, who was a seat in 2020, remains as director.
Tuesday, when TechCrunch’s relationship with Andreessen Horowitz, the event showed any potential friction, and the employees are not exactly. “There is no consent of the gentlemen,” he said, reflects the question of whether the editor does not have any understanding to compete with the former employer. “In fact, I’m still talking to Andreessen Horowitz. You’re right that we haven’t really delayed any bargain.”
The lack of joint investment in the image may reflect the difficulties associated with leaving one of the most prominent companies of the incision industry or Silicon valley to compete with their former colleagues. Whatever the case, now graphs its course, and in the center of this, it is stablecoins who have cryptos designed to quickly protect traditional assets such as US dollars.
Unlike the valuable value, unlike Bitcoin or Ethereum, stablecoins such as USDC or Tether-in USDT are designed to create a digital representation of the traditional currency that can move in blockchain networks.
Indeed, the faster you move fast and the confidence in Haun’s Stablecoins is becoming increasingly. Stablecoins – which is difficult with difficulty in 2015 – now represent a quarter of a trillion dollar. On the global scale, the 14th largest owner of US treasures. For the first time last year, Stablecoin said the volume of operation overturned Visa.
“I think people looking at Stablecoins a few years ago, what is the valuable product?” Haun said on Tuesday. “You asked me before. You said, ‘Why do you need stablecoins?’ And I said: If I work for me, it works for everyone’s problem. “
In fact, the existing financial system for most Americans is working well. We have venmo, bank accounts, credit cards. However, Haun, who painted the concept of the prosecutor’s global financial systems, long ago was not universal.
In countries with unstable currencies or limited banking infrastructure, Stablecoins offers something unique, all over the world, which is all over the world, the dollar offers something that has immediate access to the denominated value of the dollar. “People in Turkey do not think to close like a cryptocutrenience,” Wednesday, “They think of the parcels like money.”
Of course, technology has developed sharply since early disputes. Stablecoins once cost $ 12 once to send international levels. And the Constituency, USDC Stablecoin, JP Morgan bank accounts said that the dollars made by the large four accounting companies said.
The small surprising corporate world warns a big way. There is Walmart and Amazon Stablecoins reported to be exploringLike Uber, Apple and other goliaths like AirbnB. The reason is a simple economy. Stablecoins provides a way to provide a way to increase the value of US dollars using the traditional banking infrastructure, which saves potentially these retail sales companies with retail fees.
But in turn worries critics Economic chaos. The circle and closure, unlike traditional banks, have enough reserves to support their revelations, and there is no protection of the insured government behind these resources. Coordinate, what happens with monetary policy and bank regulation if major corporations can give their currencies?
Concerns only work deeper than economic violation. All stablecoins are not equally generated, and many do not support and control the companies such as the circle. Good adjustable stablecoins such as USDC are supported in true dollars in the US Treasury securities, while others are working with less transparency or relocate complex algorithmic mechanisms. (Terrausd had the most collapse, to delete $ 60 billion at the value of what time of the nose will be.)
President Donald Trump’s family, President Donald Trump’s family, said that the potential conflict of industrial value, which could affect the market value and regulatory results.
These concerns discussed the genius act, which created a federal framework for the adjustment of Congress, Stablecoin. Bill spent Senate, last week with the support of early Bertartisan, went through party lines to support 14 Democrats. Now he is waiting for a house to vote before reaching the President’s desk.
However, a ranking member of the Senate Banking Committee Senator Elizabeth Warren, especially vocals, called the legislation “SuperHighway for Donald Trump’s corruption“Criticisms in a prominent gap in the bill: Congress members and the authorities of the Greater Executive Department, the authorities for the supply of Stablecoin products, they were nothing about their family members.
Warren asked about his concerns on Tuesday, Haun practically closed his eyes. “I think Elizabeth Warren or other Democrats calling this corruption do not work to cross cryptoic legislation,” he said. “If the rules of the road were [already]If a frame would be, a security, what is a commodity and what are consumers around. “
The Venture Capital Company supports a large-scale supporter, mainly legislation, which includes numerous Stablecoin, including the bridge (when it comes 10 times before strip). However, he has a prominent criticism: the ban on the product of the bill to the productive stablecoins.
“I am not sure that income stablecoines are a good idea for consumers in the United States, but a ban is a good idea,” he said. The issue comes from the percentage you earn in Stablecoin’s resources. Currently, this money goes to companies as a circle and a print. However, why should consumers not receive this product as they want with a saving account.
“If you check a savings account or account and you are interested in this, you are interested in it,” he said. “If you just said, ‘No, the bank is not you,’ and do you lend your money?”
As for another Warren’s concern, Haun was less nuuated: If the genius law signs the law, stablecoins can be a tool for money laundering and financing of terrorism.
“Criminals are great beta testers of all technologies,” the criminals said. “However, this technology can be followed more than the cash, which can be followed more. The largest criminal instrument is the dollar account.” (Haun, the Treasury Department has witnessed that 99.9% of the dirty money wash is not cryptocurrency, but not the use of traditional bank wires.)
Meanwhile, as a genius act, the regulation of regulatory regulation of legislation, which differs from more experimental or risky options between legal, supported stablecoins, can ensure the security of the system.
In fact, when the Stablecoin ecosystem continues adult, Haun sees a bigger changes ahead. One future of all assets – the funding funds from the money market was given to a special loan – “Tokenized” and 24/7 global markets were available 24/7.
“This is the digital representation of a physical asset,” he said. “Blackrock, Franklin Templeton, already tokened money market funds. It was already happening.”
According to Haun, Tokenized Assets can democratize the incoming investment in how Netflix is democratized. Instead of becoming rich enough to pay a minimum investment limit, someone who is $ 25 and one smartphone, such as Apple or Amazon’s share of the Amazon.
“It doesn’t mean that something is inevitable because something is inevitable.” However, he manages the same forces, which is so successful in transformation, faster, cheaper, cheaper, more accessible than traditional alternatives.
Looking at the disputes in 2018 with Krugman, he saw that Haun persistence. Now a large question will change the digital dollar financial system again, but maybe more importantly, the regulators will not be able to keep up with the tempo technology when complying with corruption, consumer protection and financial stability.
Haun doesn’t look uncomfortable. Critics indicate that Stablecoins organized a total of 2% of global payments, the compliance of the product market, and Haun bats. Instead, he sees this as a familiar technological adoption story – played many times and often takes longer people than people imagine people.
“We think this is really an early days,” he said.
