“And when when we started, I wasn't convinced that everyone in the world is just gonna use, like, a new, a new, you know, commodity money like Bitcoin.”
but there was no notion of money on the Internet, and there was no protocol for money on the Internet, and it was very clear at the time that that was gonna happen. And when when we started, I wasn't convinced that everyone in the world is just gonna use, like, a new, a new, you know, commodity money like Bitcoin. My view is that we needed a bridge. We needed to connect kind of the existing fiat system to crypto and to these new networks and, and build like, what we called like an HTTP for dollars on the Internet. And that was the idea. And eventually that's called stable coins. Yeah.
From the blog
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