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Ep: 475 The Central Bank of DeFi With Sam Kazemian of Frax

CRYPTO 101

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Stable Coins on Chain

I was like the bear market after the ICO craze and things like that right I think that's what really motivated me to get into the kind of stable coin space. Nobody wanted to be in stable coins at that point but everyone was like stable coins are useless who wants to be in the dollar because applications weren't built yet. The general concept of stable currency on chain is as important in my opinion as as Bitcoin and as Ethereum as just as just a foundational concept it's a trillion dollar idea. We launched our own decentralized lending market fracks which is powered by a lot of fracks stable coin lending.

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