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Speaker 1: Well. A stable coin is a type of digital currency

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that's basically designed to minimize price volatility in the traditional

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stable coin. It's based on the popularity of the stable

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coin of value, and it fluctuates considerably depending on the

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level of popularity.

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Speaker 2: You're listening to Carrie Letz's Financial Survival Network, where you

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get valuable information. You just can't find anywhere else to

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thrive in today's trying times. You need the Financial Survival

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Network now more than ever. Go to Financial Survivalnetwork dot

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com and get your free newsletter and gift. Financial Survival

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Network now more than.

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Speaker 3: Ever, and welcome. You are listening to the Financial Survival Network.

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I'm your host, Carrie Lutz. Well, it's July first, We're

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halfway through the year. The crypto space is moving so

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rapid you can't believe it. You ignore it at your

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own peril. I was at the Bitcoin twenty twenty five

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conference in Vegas, brought to you either by black Rock

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or Blackstone, I can't remember which one, but it doesn't

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really matter. There's huge, huge money behind this. It wasn't

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in the convention center, it was in the Venetian and

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the booths I saw ranged anywhere from one hundred thousand

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to multiple seven figures. And a trend that we picked

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up on is the stable coin. And right now with

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us is Gerson Gibbs, executive at Bellot Capital and expert

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in stable coins in crypto. Gerson, what's the deal here?

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Retailers are going to start to take in stable coins,

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They're going to issue their own how's this working.

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Speaker 1: Our retailer is a thank you for having me carry

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But retailers, to answer your questions, are definitely, in my opinion,

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shifting towards stable coin. I believe that it's going to

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assist them with dropping liabilities a little bit.

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Speaker 3: All these associated fees.

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Speaker 1: With quite a card transactions can be a big costly

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for our retailers. And when we see all these things

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occurring with the tarofts and possible advice increases, I think

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that retailers are going to be looking for any areas

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in their business that they can reduce any type of course,

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and I think that stable coins are one of those

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areas well.

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Speaker 3: You know, many people out there believe that credit card

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clearing houses and credit card issuers it's just a big

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extractive grift to take money from small retailers because let's

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face it. The government doesn't pay credit card fees. Large

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retailers even they are I don't want to say exempt

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from it, but their fees are drastically reduced. Right, So,

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small retailer, the medium sized retailer is really bearing the

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brunt of all this, aren't they.

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Speaker 1: Absolutely. I think that that's the business model for a

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lot of these credit card companies. For the target audience

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are the smaller and mid size retailers. I think that

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those are the companies that pay a bulk of the

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fees and they're just looking to get away from that,

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and I think this is an opportunity. There are many

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different means of payment processing. You know, you got things

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like PayPal. You have these digital apps on telephones that

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you're utilizing the pay but those are those are still

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tied to credit cards, and that's where the issue begins.

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So I think these stable coins will definitely assist with that.

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Speaker 3: All Right, So, you know, I guess you've got to

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explain exactly what a stable coin is, how it works,

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and how it cuts costs.

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Speaker 1: Okay, Well, a stable coin is a type of digital

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currency that's basically designed to minimize price volatility in the

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traditional stable coin. It's based on the popularity of the

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stable coin the value and it fluctuates considerably depending on

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the level of popularity. A stable coin is a digital

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currency that is typically pegged to a stable asset like

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a US dollar or gold, typically dollar for dollar. And

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the differences from a credit card company is the speed processing.

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And because these things are pegged to a network, all

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the transactions and fee costs are almost eliminated. Right Because

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these are companies like a Discover or a Chase, they

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don't have the overhead expenses, so they have to charge

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these fees. With stable coins, there's no fees. Everything's on

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a network on these digital exchanges, and that's how they

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managed to determine what the value of the stable coin is.

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So a stable coin is simply, simply put more of

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a think of a gift card. If you were to

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put money on our Starbucks gift card, but you can

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use the Starbucks gift card anywhere in the world to

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purchase any product.

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Speaker 3: Interesting here, really interesting. So yeah, like, what does the

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name stable coin mean exactly?

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Speaker 1: Stability there's no volatility. So for example, if you were

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to have ethereum bitcoin, the value is going to change.

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We've seen as the market was changing or if Trump

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is making an announcement, a bitcoin that was worth for

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one thousand bucks all of a sudden is worth twenty

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thousand bucks because of popularity. And there's no really rationale

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as to the volatility outside of popularity, right, So if

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there's negative press surrounding the bitcoins, that is a drop

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in the price, and that is the difficulty in determining

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the value. So what Senate has decided is to create

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a digital currency that doesn't have as much volatility. And

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that's why it's called stable coin because it's stable, right,

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It's pegged to something that's a real asset, like a

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dollar dollar to dollar, So it's not going to change

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based on popularity. And that assists retailers, right, because the

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retailers are, you know, utilizing stable coin, they want to

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make sure that they could actually determine the value of

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the stable coin when they use utilizing it for transactions.

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And that's one of the issues that we've had with

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regard to this digital currency space that it was based

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on popularity opposed to a real asset.

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Speaker 3: Gotcha, okay, And so when we look like bitcoin, how

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does that differ from a stable coin?

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Speaker 1: Well, a bitcoin is not backed by a hard asset

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based on popularity. If individuals feel that the value of

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bitcoin is more valuable, the value of it is going

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to go up, and as more individuals invest into it,

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you will see the value increasing. Unlike a stable coin,

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it doesn't matter the popularity. You're putting up the money

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or the collateral and that's giving you the value of

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your stable coin and there will be no fluctuations. That's

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the difference.

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Speaker 3: So you could have a stable coin that could be

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backed by bitcoin, couldn't.

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Speaker 1: You correct, correct, And that would have some fluctuations if

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you're utilizing your bitcoin to buy stable coin, And that's

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where there's a little bit of gray area and on

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which is trying to wrap their hands around it before

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actually passing the bill by the House. Because the people

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are utilizing bitcoin to stable coin, there's still that fluctuation.

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Speaker 3: So there has to.

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Speaker 1: Be laws surrounding those type of transactions.

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Speaker 3: Okay, interesting, Interesting, So you are a regulator, you dealt

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with the big banks. What do you think the barriers

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are here regulation?

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Speaker 1: One of the things about digital currency why it's attractive

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to a lot of individuals is because of the privacy

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features associated with it. All Right, So because of the

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privacy features. For investors and individuals who don't want the

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government having full transparency over their financials and investments, they

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take the digital currency angle. In addition to that, they

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don't want bank involvements in their financials as much as

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it currently is, because if you're banking with a chase

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is totally different than banking with but than having your

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money in a digital currency. And one of the major

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issues is how do you regulate these things? How do

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you oversee it? How do you prevent fraud? And if

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there's so much privacy, how does the government get an

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opportunity to oversee. So that's where the real issue is

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and who's going to be the regulator that oversees it.

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Bitcoin again is not backed by any hard assets or

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real assets, but stable coin is depending on an asset

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that it's being backed by. For example, if we take

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the dollar, the FED oversees the dollar, right, if we

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take gold, the CFTC oversees gold. If the digital currency

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is utilized as an investment product, because you have the

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ability to invest in it also and turn it into

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an investment vehicle, the SEC oversees that. So digital currency

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has features of all the regulatory bodies. So the government

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is trying to determine who's going to lead the regulation

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over digital currencies, and that's one of the major issues

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right now.

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Speaker 3: Gotcha all right? So we're kind of in the wild

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west here then, aren't we?

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Speaker 1: Absolutely?

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Speaker 3: All right? So when we have this conversation in five years,

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what is the landscape going to look like? Here?

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Speaker 1: Oh, I think it's going to be figured out way

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before then. I think that with the new administration coming in,

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that was one of the primary goals to bring digital

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currency to the forefront. I think it improves international trade.

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I think it reduces fees for retailers, mid to small retailers,

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especially with regard to tariffs that are now changing the

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cost of goods. I think that retailers are looking for

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places to again reduce costs. I think it's gonna play

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out with digital currencies in a sense that it's going

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to assist with reducing some of these costs that credit

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cards processings are bringing, so on and so forth. So

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I believe in five years this will be the norm.

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It will be the main use of financials and use

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of money. It will be all digital, all.

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Speaker 3: Right, And uh so, what impacts it's going to have

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on the banks.

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Speaker 1: Well, they're gonna have have banks change your models. That's

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what I believe. I think traditional banking is never going

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to go away, but I think it's going to be

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an added feature to change your models, to restructure their

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pricing models and their fee models. I think they're going

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to figure out a way. But I think the traditional

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approach of the the process of fees, the three percent

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and of I think that model is going to change

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and be reduced tremendously.

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Speaker 3: All Right, So we're into a whole new realm of

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finance here that JP Morgan, God rest his soul, never

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ever thought about it.

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Speaker 1: Absolutely absolutely. I'm sure this wasn't even a thought back

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in the day. But now I think it's becoming a

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norm and we see it all the time. We actually

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have been in some kind of a digital space for

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some time now, with companies like Hey Pal, you have

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companies like chime On. You have these credit card companies

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that are giving you the ability to not have the

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physical credit card and have things on your phone. I think,

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in some way, shape or form, we've been shifting to

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digital currency. I went to the store a couple of

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days ago, and I tried to pay cash, but I

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didn't have any cash on me, you know, I just

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use my credit cards that don't usually carry cash. So

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I think that we've been transitioning into this space for

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some time now. I think that now we're actually looking

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at it's it's worldly impact and making it necessary changes

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implemented into the United States as best as possible.

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Speaker 3: That really is fascinating that we're seeing this transition curve

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and we're living through it right yet.

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Speaker 1: Yeah, Yeah, it's it's coming out of a coming out

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of an era and into a new era. I believe

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that again, this is going to be the main way

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that we pay for our products in the United States,

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to be a digital currency.

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Speaker 3: Mm hmm. Interesting. Interesting, you know, it just it's the

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economy is not what it used to be.

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Speaker 1: Right, not at all, not at all, And I think

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that the younger generation is definitely pushing towards it. I

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think that disadministration is very involved in the digital space.

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Trump has his own coin, his family is highly involved

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in the space, and I believe again he believes that

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it's going to open up international business and be lucrative

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for smaller to mid sized businesses in the United States.

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Speaker 3: Yeah, that's that's pretty amazing. And you know, Trump's moves

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with with crypto have been very controversial. You know, you

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get that emollience clause, emoulment's clause and all that stuff.

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Got any thoughts about that, Well.

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Speaker 1: I think that from some administration is extremely controversial because

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of what I mentioned a little bit earlier. Bitcoin is

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based on the popularity. The value of it is based

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on popularity, and that's a huge issue. If you're the

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president of the United States, you're one of the most

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popular people in the world.

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Speaker 3: So if you.

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Speaker 1: Speak on you know, bitcoin or speak on digital currencies

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in any manner, it could go in any direction. And

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I think that Congress had a major issue with that.

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Hence the creation of a stable coin, which doesn't necessarily

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get impacted by you know, the president providing the world

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with new information with relation to it. So I think that,

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you know, the controversy surrounding that was, you know, how

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do we control these popular politicians from providing the general

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republic with information that's going to shift the value of

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something that they own, right put in the political system

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in a bit of jeopardy because they have no control

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over the political figures. So I think it was a

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big controversial. However, I think that it needed to be

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done in order for a little bit of fire to

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people be put under the government to ensure that it's

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regulated correctly, and they're thinking about all of the features

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associated with digital currency.

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Speaker 3: All right, all right, well, that's interesting and obviously Trump

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is the best thing that ever happened to crypto in

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our lifetimes for now.

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Speaker 1: For now, we'll see what the future beholds, But for now,

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Trump definitely is one of the pioneers in the crypto

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space and incorporating it into modern day financials.

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Speaker 3: And who would think, you know, a guy that doesn't

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even use a computer, right.

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Speaker 1: Absolutely, it's always it's always the person that people wouldn't

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never thought or assumed. And again I think that it

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is just because the push that he's doing with tariffs

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is definitely raising the prices on some of these smaller

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and mid sized companies. But with the passing of the

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digital stable coin, I think it could drop a lot

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of process smps and balance out some of the costs

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that have increased to do business in the United States.

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Speaker 3: Right, all right, Well, this is a fascinating I appreciate

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your coming on with us and helping to share your

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knowledge with what's happening here. It's pretty amazing.

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Speaker 1: Thank you so much for having me carry Carry. It's

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been a pleasure.

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Speaker 3: Likewise, I say, people want to find out more about you,

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connect with you on the web. How do you do that? Gerson?

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Speaker 1: Definitely on my website is www dot Bellett B E

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L I T E Capital C A P I T

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A l dot com. You can find me there all.

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Speaker 3: Right, excellent. Appreciate you coming on and we'll look forward

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to having you on again. If you've got a question

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for Gerson myself, shoot me an email k L at

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Carrie Lutz dot com and you'll find links to Gerson's

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places on the web on Financial Survival Network dot com.

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Just when you go there, we just asked that you

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sign up for a free newsletter, Grayson. Been a pleasure.

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Thanks for stopping by. Been a pleasure and enjoy to

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ust of your day.

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Speaker 2: Carry, Thanks for listening to carry Letz's Financial Survival Network,

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your solution to today's trying times. For the latest, go

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to Financial Survivalnetwork dot com. Financial Survival Network now more

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than ever