Weekly News Roundup 09/18/20 (Why Wyoming's SPDI is so exciting, a shift in tone from the SEC, Microstrategy keeps stacking) (EP.127)
On The Brink with Castle Island
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Stable Coins Aren't for Everyone
The big question around stable coins is some people have in that crowd is just around can it be used to settle institutional grade transactions. That's really not what the use case is at this point I mean we're not going to be settling repo transactions with Tether anytime soon like it never actually. If you have access to the best financial plumbing and the best legal context there then you absolutely don't need stable coins pretty much for anything. However if your local banking system is in some developing country where it takes many hops to get to the US banking system or property rights locally are not particularly secure then yeah you're actually probably really going to benefit from the existence of stable coins.
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