Claude convinced me that stablecoins are an innovative idea for global money movement.

I started with the position: "Stablecoin global payment networks are regulatory arbitrage, prove me wrong."

After a few iterations and discussion with Claude I now think it's a clever and stable solution to a fundamental coordination problem.

Claude and I present to you our argument.

Summary: Correspondent banking is a medieval hack everyone knows is broken, but no bank/country/consortium could coordinate replacing it. Then crypto speculation accidentally created stablecoins—a parallel system belonging to no one, which meant everyone could adopt it without coordination.