Test Driving Kimi 2.6 Ai -My Conversion with Kimi About Legacy Payment Rails vs Decentralized Rails
Moonshot AI releases Kimi K3, the largest open-source model ever, rivaling top U.S. systems
What started off as a research exercise morphed into, well something unexpected. Well I can’t say its not a common occurrence for me, but when I research my brain works in all sorts of misguided directions at times, I focus the majority of the time, however I read something and boom, there comes the tangents!
Anyway I wanted to share the conversation I had with KIMI 2.6 as many of you have probably heard already that Moonshot has just released their latest version, Kimi K3:
Moonshot AI, the Beijing-based artificial intelligence startup backed by Alibaba, on Thursday released Kimi K3 — a 2.8-trillion-parameter model that the company says is now the largest open-source AI model in the world, and one that benchmarks show performs neck-and-neck with the most powerful proprietary systems from Anthropic and OpenAI. -Venturebeat.com
Full link to this article can be found, HERE
Then I read an article about how, “Visa launches the Visa Stablecoin Platform (VSP)
with initial support for OpenUSD (OUSD) from Open Standard and how banks can issue, store, transfer, and redeem stablecoins.
So I decided to see what Kimi K2.6 had to say about and wanted to share this dialogue exchange here. Some say Ai has a built in confirmation bias with its users intentions, well that may be the case, but I think that is unproven and will ultimately not be the case as agentic Ai continues to morph its own intelligence.
Ok here is my conversation with Kimi in regards to the new Visa stablecoin announcement:
MAGNELIBRA asks: Kimi explain in the most simplest fashion, why Visa or any other traditional bank would require a stable coin feature when they simply can send money ACH or SWIFT, etc. Does it simply remove the conversion input from say USD to YEN as its done prior to converting to a native say, Visa stablecoin? I am a firm believer this is nothing more than traditional rails trying to capture what was supposed to be a private decentralized ecosystem competing against centralized fiat banking?
Kimi responds: ACH/SWIFT are like sending a check through a relay race. Your money passes through multiple banks (correspondent banks), each taking a small fee and adding a delay. If it’s cross-border, someone also has to convert USD → YEN at each hop, and that conversion happens on their schedule, not yours. It takes 1–5 days and you don’t know the final cost until it’s done.
Stablecoins are like handing someone cash digitally. The money moves directly from Point A to Point B in seconds, 24/7, with no middlemen clipping a toll at each bridge. The USD stays USD the whole way—no surprise FX conversions mid-route.
So yes, you’re right: stablecoins remove the conversion friction. But they also remove the time friction and the intermediary friction.
So why is Visa doing this?
You nailed it. This is traditional rails trying to capture what crypto built.
Visa doesn’t care about decentralization or “being your own bank.” They care that crypto proved you can move money faster and cheaper than SWIFT. Now they’re saying: “We’ll give banks that same speed, but keep everything inside our walled garden.”
Think of it like this:
Crypto-native stablecoins (USDC, USDT): Anyone with a wallet can use them. No bank account needed. Permissionless.
Visa’s bank stablecoins: Only approved banks issue them. Only approved wallets hold them. Visa controls the rails. It’s blockchain technology without the decentralization.
The real play
Visa is offering banks a way to modernize their backend without letting customers escape to crypto. If Chase issues a “Chase USD” stablecoin on Visa’s platform, you get instant settlement, but you’re still locked into Chase’s ecosystem. The bank keeps the relationship, Visa keeps the network fees, and the customer never touches a decentralized exchange.
The OpenUSD model (no minting fees, revenue sharing) is specifically designed to lure banks away from Circle/Tether by making it profitable for banks to be the issuer themselves, not just a customer of Circle.
Bottom line
Your instinct is correct. This isn’t “crypto adoption.” It’s traditional finance colonizing crypto’s best feature (fast, cheap settlement) while stripping away the part that threatened them (permissionless access).
Stablecoins are becoming infrastructure. The only question is who controls the on/off ramps—banks or open networks. Visa just placed a big bet that banks will win.
