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About Standard Economics
Standard Economics is a stablecoin-based payment company focused on cross-border remittance and financial inclusion for unbanked and underbanked populations. Its core business uses stablecoin technology to enable users to access and transact in global currencies like USD without relying on traditional banking infrastructure, simplifying international money transfers and reducing associated costs.
The company's value proposition centers on addressing the pain point of expensive, slow, and complex cross-border payments in emerging markets. By leveraging blockchain transparency and programmable financial tools, it aims to lower transaction costs and enhance fairness in financial services, particularly for users who lack access to conventional banking.
Regarding development in the past six months (2026-03-03 to 2026-09-03), no verifiable public information is available from the official website or Twitter. The stablecoin payment industry generally has seen growing institutional adoption, but specific updates about this company's operations, partnerships, or product launches during this period cannot be confirmed.
In the past six months, Standard Economics completed a $9 million seed round led by Paradigm, with participation from Lightspeed and strategic angel investors. Its first product, the Uno app, launched in Mexico on iOS and Android, offering domestic payments and cross-border remittances. The company plans to expand Uno to Argentina, the Philippines, and other markets in Latin America and Asia. Future focus will be on refining the app, growing the user base, and building a stablecoin-based payment ecosystem to reduce cross-border transaction costs.
Evan Jones (Co-founder & CEO): Previously worked at X and xAI, leading engineering teams. He conceived Standard Economics after struggling to send money to his parents in rural Ireland, aiming to build a stablecoin-based payment platform.
Payam Abedi (Co-founder & CTO): Also a former X employee, with deep technical expertise in software engineering and infrastructure. He oversees the technical architecture of the company's payment solutions.
Tyler Carnevale (Co-founder & COO): Background includes special projects at SpaceX and X. He manages operations and strategic partnerships, focusing on expanding the app's reach across developing markets.