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#869 Money Is A Made Up Thing w/ Jacob Goldstein

The Pomp Podcast

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Stable Coins

Stable coins are like new versions of money market funds. They represent one dollar and have the same purchasing powers, but in a digital form. The stable coin issuer is not going to be able to give all their dollars back at once if there's an exchange glitch. "The physical payment rail sucks," he says.

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