$5 Trillion in Idle Business Cash and How Stablecoins Fix It

The treasury gap

Tanner Taddeo says the transaction banking teams at Goldman, Citi and JP Morgan give large companies white-glove service. A business whose bank is a credit union gets much less. "You pretty much have QuickBooks and you have hope," he says.

Stable Sea targets what Taddeo calls the real economy: "companies that have physical operations" rather than firms in the tech universe. He compares the approach to Block, which he says found product-market fit at Square and Cash App by offering financial services to businesses that had been too small to get best-in-class ones.

Not a neobank

Tanner Taddeo says the Stable Sea terminal "does look like a bank account in some ways," but the company is "definitely not a neobank." It works with downstream partners such as WisdomTree to give businesses access to their products, and it handles the education and the KYB checks itself. He says the WisdomTree partnership is off to a great start and that he is "seeing pretty good adoption for tokenized money markets."

Paying from yield

Tanner Taddeo gives the example of a cross-border supplier payment of $500,000 that sits for fourteen days on a platform. He says the business loses seventy to ninety basis points on that money. With Stable Sea, a business can put those liabilities into a money market fund and, when the payment is due, move the money from the fund to USDC and then to local fiat, with everything settling within the same day. The company calls this "pay from yield."

Selling to CFOs

Tanner Taddeo tells founders in Silicon Valley or New York who build for the real economy to go out into it, for example by running lunch-and-learn sessions with CFOs and CEOs in cities around the United States. He points to Robinhood as a model: it removed trading fees, which he says was not revolutionary but was good business that made it a great company.