The crypto industry is splitting in two. On one side sit bitcoin, exchange-traded funds (ETFs), derivatives and speculative financial markets. On the other are stablecoins and blockchain platforms, which are gradually becoming embedded in the mechanics of global payments. As that second world matures, a new contest is taking shape beneath the surface, not over ideology but over infrastructure — specifically, what kinds of blockchains should move the world’s money.

Joining PYMNTS CEO Karen Webster and Citi Global Head of Digital Assets, TTS, Ryan Rugg on the latest episode of “From the Block,” Tempo Go-To-Market Lead Dan Romero argued that cryptocurrency has evolved into what he called a “barbell economy” split between…