The Chopping Block: Arthur Hayes on Why Crypto Needs to Ditch the Banks - Ep. 466
Unchained
Stablecoins vs Traditional Banking
This chapter explores the challenges and complexities of stablecoins in relation to traditional banking systems. It highlights the differences in user preferences for USDC and Tether, particularly among Asian users, amid concerns about U.S. government oversight. The discussion also addresses the implications of stablecoin withdrawals on the treasury market and calls for a self-sustaining model within the cryptocurrency ecosystem.
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