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Bankless

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The Rise of Private Stablecoins and Monad

This chapter explores the implications of BlackRock's investment in Circle and the potential emergence of private stablecoins in response to CBDCs, highlighting their role in enhancing DeFi liquidity. Additionally, it introduces Monad, a new layer one solution that aims to revolutionize blockchain performance while remaining compatible with Ethereum, raising questions about its impact on the overall ecosystem.

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