Stablecoins Aren't for Americans w/ Ayo Omojola

Stablecoin demand is driven primarily by the need for access to stable, global currency rather than technological novelty, particularly for individuals in regions with volatile local monetary policies. While U.S. financial services are highly efficient, creating a high barrier for new competitors, significant opportunities exist in solving cross-border payment friction and institutional treasury management. Ayo Omojola, General Partner at RefractVC, highlights that successful adoption requires moving beyond "sparkles" to address mission-critical business problems, such as reconciliation and liquidity flows. Although incumbents currently hold an advantage due to their existing customer base and infrastructure, their internal organizational constraints often hinder zero-to-one innovation. Ultimately, the borderless nature of stablecoins offers a massive, untapped market for providing financial primitives to the global population, far exceeding the scale of current domestic-focused financial systems.