Stablecoins: The Unsung Heroes of Digital Finance
In this episode of 'Old Men New Money,' Douglas Borthwick delves into the significance of stablecoins—cryptocurrencies pegged to stable assets like the US dollar. With over $284 billion in circulation as of October 2025, stablecoins are revolutionizing financial transactions by providing instant, low-cost, 24/7 global transfers. Borthwick explains how stablecoins like USDT, USDC, PY Dollar, and DAI operate, their regulatory landscapes, and their crucial role in digital securities and decentralized finance (DeFi). He highlights the advantages of stablecoins over traditional banking methods, their growing adoption by major institutions like PayPal and Visa, and the potential risks and future of stablecoins in the financial ecosystem.
00:00 Introduction to Stable Coins
00:44 What Are Stable Coins?
03:25 The Main Players in Stable Coins
05:23 How Stable Coins Maintain Their Value
06:56 Stable Coins in Digital Securities
08:24 Regulation and Compliance
09:47 Stable Coins in Decentralized Finance (DeFi)
10:54 The Growing Adoption of Stable Coins
13:36 Potential Risks and Challenges
15:00 Central Bank Digital Currencies (CBDCs)
16:03 Practical Steps and Conclusion
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