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When people ask why a giant like Stripe or Visa won't just swallow the stablecoin market, @rooqster thinks they're missing the scale of it. They're picturing a new feature on a checkout page. He sees the plumbing for the entire world economy: a market bigger than AI, energy, and defense combined. At that size, no single company owns all of it. Even a massive system built inside Stripe's own walls only touches a fraction of global trade. @raincards's bet: the winner won't be a closed system…
Mario Gabriele@mariogabrieleAug 18
"Money quantifiably is larger than AI. It's larger than food. It's larger than oil and gas. It's larger than municipal water supplies, government spending, defense. It's all of these combined." @rooqster is the co-founder of @raincards, a $1.95 billion company building financial infrastructure that lets businesses issue cards, extend credit, and settle payments using stablecoins instead of traditional banking rails. He believes the market for moving money is too large for any single company, including Stripe, to capture alone. (2:46) An overview of Rain and global-first financial infrastructure (18:46) The economic opportunity of a more efficient monetary system (22:06) How Farooq’s childhood as an immigrant shaped him (29:11) Lessons from Farooq’s career before founding Rain (42:18) Why Rain bet on stablecoins (54:30) Rain’s approach to hiring and management (1:05:54) Rain’s most critical mantras (1:12:30) Final meditations Thank you to the partners who make this possible @brexHQ: The intelligent finance platform: https://www.brex.com/mario
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