Money 2.0 Stuff: Move fast and launch coins

One clear trend going into 2019 was the explosion of messaging apps launching their own native tokens. Going into the year, I clarified:

While none of them are interesting as a potential non-sovereign money competitor, I’m most interested in seeing what Facebook does: a stablecoin designed for remittance could make a meaningful impact while on-boarding millions of people to the cryptocurrency UX (as well as normalizing it in India, a country which has had 2018 legal bouts around Bitcoin). I’m least excited for Telegram Open Network, who had a red-hot $1b sale on the backs of crypto mania, Telegram's traction, and many many pages of techno-babble.