The predominant use case of these stable coins has been used for luquidity, transfers across different exchanges. For every dollar coin that's issued, you keep a dollar's worth of balance in a bank account. And it turns out, especially with the heightened regutory attention that's coming to stable coins, that those bank balances could easily be censured or simply stoken. So essentially, whoreh thatsuer themselves could be corrupt, exacrratic, exacty.
Jason covers China's increasing penalties for Didi (2:52), Twitter's test of a downvote feature (12:13), and how the UAE was able to induce rain with electricity (17:32). Then Do Kwon, the founder of Terraform labs joins (22:38) to discuss his stable coin project TerraUSD (31:18), the underlying cryptocurrency LUNA, and shed light on Tether as crypto insider (59:56).