The State of Stable Coins

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Austin McKendry: I teach at Columbia, one of the things we addressed in my class is stable coins. He says he thinks the debate around stable coins is very confused. The innovation of a stable coin is just taking what we already have and putting it on a blockchain,. So you're changing the ledger. That has implications around like all the people are saying "stable coins are a tremendous threat to the financial system" It's going to cripple the US financial system because now like Starbucks gift cards have to trade out a registered securities exchange. They'll just be outside the United States.

Austin Campbell is the managing partner of Zero Knowledge Consulting, an adjunct professor at Columbia Business School, and used to work at Paxos in both Portfolio Management and Chief Risk Officer. He also was Co-Head of Digital Assets in Global Rates at CitiBank at JP Morgan for a decade.

Austin knows a thing or two about the TradWorld and we brought him on to help us navigate all of the TradNews that has surfaced in the last two weeks around the crypto space.

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----- TIMESTAMPS:

0:00 Intro 5:12 Austin Campbell 7:14 TradFi Last Two Weeks 10:59 Political Conspiracy 15:05 Timing Analysis 17:17 BlackRock Bitcoin ETF 20:05 Other Bitcoin ETFs Denied 22:47 What's the SEC's Next Move? 24:00 How Bullish is This? 26:13 BlackRock & Coinbase/Kraken Partnership 31:15 EDX Markets 37:22 Unbundling of Crypto Exchanges 42:22 Stablecoins Landscape 49:55 Stablecoin McHenry Bill 56:50 International Stablecoins 57:55 Closing & Disclosures

----- RESOURCES:

Austin Campbell https://twitter.com/CampbellJAustin

----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

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