JEVONS' PARADOX IS COMING FOR FINANCE

Summary from the TLDR Crypto newsletter

Stablecoins and blockchain infrastructure will expand the total financial services market by dramatically reducing costs rather than simply replacing incumbents, following Jevons' Paradox, where efficiency gains increase total consumption. Public blockchains enable companies like Sling Money to build global payments with minimal staff and licensing while serving the 1.3 billion unbanked adults currently excluded by high costs like 8.45% remittance fees. Traditional finance spends $61 billion annually on compliance in North America alone, but JPMorgan's Kinexys demonstrates blockchain's potential by processing $2 billion daily with settlement collapsed from end-of-day to seconds.