Pulsar：收穩定幣、刷卡，能只看一個餘額？
Fintech renaissance
- Alex Radu Pulsar Money
影片
影片與逐字稿來源：Stablecoin Summit 直播
從 7:54:19 開始播放
場次摘要
Pulsar Money 的 Alex Radu 想把穩定幣收款、銀行轉帳、卡片消費與收益功能放在同一個帳戶，讓使用者不用每次都選鏈或幣別。他說應用程式在演講前約兩週接上 Arc，並引用卡片穩定幣消費從約 4 億美元成長至逾 12 億美元的數字。他認為亞洲境內支付已相當方便，跨境收付卻仍分散，這是產品想處理的落差。
值得記下的 5 件事
- 穩定幣、銀行轉帳與卡片收支要合成一個餘額，使用者才不必自行搬錢。
- Pulsar App 在演講前約兩週接上 Arc，當時正擴充新功能。
- 穩定幣卡片消費額一年從約 4 億美元升到逾 12 億美元，這是整體市場而非 Pulsar 交易量。
- Pulsar 與 Morpho、Steakhouse 合作，讓使用者選擇把餘額放進收益策略。
- 亞洲境內支付成熟，但跨境金流仍破碎，穩定幣可從跨國需求切入。
逐字稿
開場
好，最後一程。下一場是「Stablecoins Are Powering a Fintech Renaissance」，Pulsar Money 的 Alex Radu，歡迎。非常感謝。首先很高興來這裡，恭喜舉辦穩定幣峰會，聚集這麼多對穩定幣有熱情、在穩定幣上建產品、或機構採用並推動這些技術的人。Okay, final stretch. We have “Stablecoins Are Powering a Fintech Renaissance” with Alex Radu of Pulsar Money. Come on up. Thank you very much. First of all, I'm really glad to be here. Congrats for doing a conference, a summit about stablecoins, and bringing so many people that are passionate about stablecoins, building on stablecoins, institutions that are adopting these technologies or empowering these technologies.
今天談 stablecoin renaissance。我選這個標題，因為我們對這項技術正在開啟的 use case 非常熱血，今天就能看到新一波 consumer app、fintech app 用 stablecoin 解決真實問題。這就是標題原因。I'm going to talk today about the stablecoin renaissance. I chose an artistic title about this because we are really passionate about the use cases that this technology is enabling right now, today, and we can see a big wave of new consumer apps, fintech apps that are using this technology in order to solve a lot of real use cases in the world. So yeah, that's the reason why I chose this title.
有新工具、新基礎設施讓人建新事物，Pulsar 也在做。我會從 stablecoin consumer app 建造者的角度，分享我們的信念、產業走向，以及為何如此興奮。Like, there are new tools, new infrastructure that people can use in order to build new things. And this is exactly what we are also building at Pulsar. And basically, I'm going to, like, present you the things today from the prism of, like, a stablecoin consumer app builder, and what we believe, and why we have these strong thoughts about where this industry is heading, and why we are so excited about this.
接下來會清楚展示 stablecoin 支付成長與採用軌跡，特別是 stablecoin 卡交易量。我們很興奮，app 裡也有，市場上還有很多酷應用。I'm going to continue, and I'm going to, like, showcase clearly a very strong trajectory on growth and adoption about stablecoin payments. This is in regard to stablecoin card volumes. We are really excited about this. We have this as well in our app, and there are many really cool applications in the space.
穩定幣卡消費成長
這類 application 浪潮很大。產業成長讓我們很興奮。我認為這不只是錢包到錢包的 stablecoin 轉帳，而是連到卡、虛擬銀行帳戶，開啟更多 use case。There is a big wave of such applications. And we are really excited to have this growth in the industry. And I think this is, like, one extra application apart from, like, just simple stablecoin transfers from, like, one wallet to another, but basically connecting this to card, to a virtual bank account, and enabling a lot of use cases further.
money app 很重要的一點，是 top-up 要直覺：收 stablecoin、銀行入帳、用卡消費、把資金送進賺收益的 vault。So yeah, one of the main things that I think is, like, really important in a money app is basically making things really straightforward in terms of, like, the account top-up. So you receive stablecoins. You get paid into your bank account. You spend from a card. You send from the funds into, like, a vault earning revenue for you.
這些都應 unified 成單一餘額，使用者不必在意現在收的是 stablecoin 還是其他路由。這是我們想大幅簡化、一對一交給使用者的。So all of this should be, like, unified into, like, one balance, and you shouldn't care, like, I'm receiving right now stablecoins, or I'm receiving, like, via another route, and so on. And this is— one of the things that we want to, like, very much simplify and give it, like, one-to-one to the users.
收 stablecoin 或銀行轉帳，全部 unified 成同一餘額，你不必 care。之後可再經 stablecoin 流或銀行轉帳送出。兩週前我們在 Arc 區塊鏈上線 app，非常興奮。Like, you receive stablecoins, or you receive via a bank transfer, everything is, like, unified into one balance, and you don't care. And then you can send it back further via either stablecoin flows or basically bank transfers. So we think this is a very important thing. I'm really excited that we launched two weeks ago our app on the Arc blockchain.
Arc 鏈與統一餘額
Arc 鏈成長讓我們很興奮，上線參數打破很多鏈 launch 紀錄，對生態系與上面建的 use case 很期待，尤其是 stable FX（以最佳匯率互換貨幣）並整合銀行與 FXWe are really excited about the growth of Arc as a chain. They have completely smashed a lot of the parameters of a chain launch, and I'm really hyped about the ecosystem and everything that is being built there, and more specifically about the use cases that these guys are building, from stable FX in terms of exchanging currencies between each other at the best possible rates, and basically integrating this with the current rates of, like, other bank and FX
基礎設施，接近 Google 上看到的匯率；也有非常快、可預測的軌道，以及 agentic payments 等可程式化支付，我們也很看好。infrastructure to almost get to, basically, the rates that you can see on Google when it's coming to exchange of currencies, to very fast, predictable rails, to programmable payments via agentic payments, which we are also really bullish about.
剛才提到，光卡消費量就成長很多。過去一年（去年九月到現在）成長超過 3 倍，從 4 億美元突破 12 億美元，我們認為 consumer app 浪潮才剛開始。And yeah, like I was mentioning, the— volumes on just card spend are growing a lot. It's more than 3x in the last year, since last September till now. So from $400 million, it surpassed $1.2 billion in terms of the spend, and we think that the growth trajectory is just about to start right now with the wave of all of these consumer apps on the market.
我們相信把收款、消費、匯款、持幣賺收益聚合在同一 app，是成長與獲客的關鍵。So yeah, we believe that, basically, aggregating all of these functionalities inside of an app, from getting paid, spending, sending funds, and holding the funds into your balance and being able to earn, at the same time, is, like, the way in order to grow and to get a lot of users.
基礎設施堆疊
這張投影片講基礎設施堆疊。整個 stack 由市場上優秀 player 與基礎設施提供者堆起來，聚合進一個 app 才能驅動這種 neofinance app。I'm presenting this slide in regards to, like, the infrastructure stack. Basically, the whole stack is being built up from, like, great players and... infrastructure providers in the market right now, and aggregating all of these services into, like, one app is enabling to power this kind of, like, new financial neofinance app.
我們對 Arf、Circle、Crossmint、Wirex、Xendit、Morpho earn、Steakhouse 等 vault curator 的基礎設施很興奮，前面講的都是與夥伴合作完成。And yeah, we are really excited about the infrastructure from Arf, Circle, Crossmint, Wirex, and Xendit, Morpho for earn, and Steakhouse for, like, the curators of the vaults, and all the things that I was presenting so far are done in partnership with our partners.
這裡呈現 unified balance 概念，也是我們全力在做的事：把多條路由 unified 成單一帳戶，可從任意鏈 deposit，也可 withdraw 到任意鏈，一對一，And here I'm presenting, basically, the concept of basically unifying these balances, and this is what we are working very, very hard on. Unifying multiple routes into, like, one account, from enabling to deposit from, like, any chain that you would like to an app, and then withdrawing the funds to, like, any chain as well, one-to-one, while also supporting multiple stablecoins and every time basically getting the balance
同時支援多種 stablecoin，app 內餘額始終一對一；也連銀行帳戶、虛擬銀行帳戶、卡與其他路由，全部 unified 成單一餘額。下一點是跨境支付。one-to-one inside of the app, while also connecting this to bank accounts, virtual bank accounts, to cards, and other routes. Everything being unified into, like, just one single balance. And yeah, the next point is basically in regards to sending cross-border payments.
跨境與 Earn 產品
後面還有一張亞洲市場投影片。我認為亞洲跨國 stablecoin 匯款是最大市場，相較美國、LATAM、歐洲。I'm going to have a slide further on in regards to basically the Asian market, which I really think that the fact of the fact that in Asia, the adoption of sending stablecoin from one country to another is, like, the biggest market, basically, in comparison to U.S., LATAM, Europe.
亞洲市場把 stablecoin 當跨境支付主渠道，使用率全球最高。我們做 unified balance，可經錢包、銀行轉帳、本地軌道等送出。The Asian markets are basically using stablecoins for cross-border payments as the main source, as the highest usage in the world right now. And yeah, we are working on this one balance that you can send either via a wallet, via a bank transfer, via local rails, and so on.
我們盡可能 unified 多路由並簡化流程。下一點是我們正把信用（無抵押、有抵押）與 earn 產品都放進同一 app。So we are trying to unify as many routes as possible and simplify this process. Yeah, the next point, and we are really working on bringing credit, uncollateralized credit, collateralized credit, and earn products all within one app.
現在 spotlight 是與 Morpho、Steakhouse 合作的 earn：一鍵讓餘額賺利息。我們對 Morpho 與 Steakhouse 等 curator 很興奮，The spotlight that I'm basically mentioning right now is basically the earn product that we've been working together with Morpho and Steakhouse, where you can simply just one click and earn interest on your balance if you choose to. And yeah, we are really excited about what Morpho is empowering in the whole industry, together with curators like Steakhouse, and basically creating multiple strategies, bringing this to the users, globally accessing yields
Agent 支付與訂閱
打造多策略，讓全球使用者接觸過去觸不到的收益，還有 tokenized 股票等也在 app 上線，改變交易方式。in markets that simply this wasn't accessible before, to tokenized stocks and more that are also launching in the app, and it's available in multiple apps, and it's basically completely changing the way you are trading.
我們非常看好 agentic payments：不只是 app 內 agent 下單，還有 tokenize 卡片。Visa 卡 tokenization 不久前才釋出。Moving ahead. What we are really hyped about is basically agentic payments, not only in the app of, like, having an agent where you can, like, order stuff, but also tokenizing the cards. And Visa tokenization of the cards has been released not that long ago.
我們 excited 於把卡 tokenize，把 token 拿到 app 外，經 Claude、ChatGPT 等購物，在 app 內設 guardrail 後核准。And we are really excited about basically tokenizing the cards and basically being able to, like, give the tokens outside of your app and be able to, like, access it through Claude, ChatGPT, and basically buy things directly while approving and having a lot of guardrails in the app.
最後一個 use case 是訂閱付費，上線一週在部分新興市場爆紅。我震驚發現有些國家本地無法付某些訂閱，給全球帳戶、全球卡、多幣 BIN 等，One of the last use cases that I'm going to present is basically paying for subscriptions that simply took off in some emerging markets for us in the last week since we started. And I was completely shocked when I found out that, like, some countries were, like, simply not able to pay for some subscriptions in their local markets, and by giving a global account, a global card with multi-currency BIN and multiple other aspects of this, basically these people from these markets can access these services and be able to, like, buy subscriptions, pay for
亞洲跨境領先
這些市場的人終於能訂閱、付費。Spotify, cloud, Netflix, and so on, which for us, like, it seems like quite straightforward, but it's been something that was really helpful. One of the last things is basically something that I was referring before. I'm quoting here Rain, that just posted, I think yesterday, this post that I was really fascinated about, in regards to the fact that basically, while the U.S.
Spotify、雲端、Netflix 等，對我們很平常，但在那些市場很有幫助。最後引用 Rain 昨天貼文：美國、LATAM、歐洲 stablecoin 持有與採用很多，markets, LATAM, and Europe are having, like, a lot of adoption in terms of people using stablecoins or, like, holding stablecoins, especially in LATAM, but by far the biggest market for, like, cross-border payments of stablecoins is Asia.
但 stablecoin 跨境支付最大市場是亞洲。At the same time, while Asia having one of the most advanced systems for payments within the countries. And the reason is because cross-border payments in Asia are not working, like, the best. are not working, like, the best, as you would imagine too, while having the best system inside of, like, each single country, the markets are, like, very fragmented, and stablecoins are right now being utilized as the main source of, like, sending funds between these countries in terms of, like, the use cases of stablecoins in this region.
亞洲各國境內支付很先進，跨境卻不順，市場很 fragmented，stablecoin 因此成為跨國匯款主 use case。這點讓我印象深刻，也看到各區 money app 在幫忙。I was really impressed by this aspect, and I think it's really... cool, and all of these money apps that are being launched and are being, like, utilized in these regions are, like, helping in this regard.
結語
謝謝聆聽。我們熱衷解決各區真實問題。這是 app QR code，歡迎試用。我們剛上 Arc，與他們一起首發 stable FX、agentic payments 等功能。So yeah, thanks for listening to my speech. We are really passionate about this and solving real use cases in different regions. Here is our QR code for the app if you want to try it out. We just launched on Arc. We are launching a lot of new features together with them that are being released for the first time in the market, from stable FX to some interesting things on agentic payments.
非常感謝今天的時間。謝謝。And yeah, really appreciate your time today. Thank you.
