Circle is losing the stablecoin war to Tether (Feat. Leo Schwartz)
Crypto Critics' Corner
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The Shift to Stablecoins and the Role of USDC
This chapter discusses the shift from decentralized cryptocurrencies to stablecoins like Tether and USDC. It explores the importance of stablecoins in price discovery and as replacements for traditional banking systems, while raising concerns about their potential risks and centralized nature.
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