Verified excerpt published on July 25, 2025
Expert: Stablecoins Are Winning. The Old Guard Is Whining
Claims that full-reserve stablecoins, like those outlined in the GENIUS Act, pose systemic risk are not grounded in economics, they’re marketing. Specifically, they’re the panicked cries of entrenched intermediaries watching the moat around their outdated business models evaporate.
Diogo Monica
General Partner
Diogo Mónica is a Portuguese-American entrepreneur and cybersecurity expert renowned for his contributions to the cryptocurrency industry. He co-founded Anchorage Digital, the first federally chartered crypto-native bank in the United States, where he currently serves as Executive Chairman. Prior to Anchorage, Mónica held pivotal roles at Square (now Block) as Platform Security Lead and at Docker as Security Lead, where he developed infrastructure securing global financial systems and cloud services . He holds a Ph.D. in computer science from Instituto Superior Técnico in Lisbon, Portugal . In 2024, Mónica joined Haun Ventures as a General Partner, formalizing his extensive angel investing experience in over 100 startups . Additionally, he serves as Chairman of the NEAR Foundation and has been recognized among Fortune’s 40 Under 40 in Finance .