Weekly Roundup 08/18/23 (Stablecoins offshoring, Better Markets oddity, more Prometheum) (EP.444)
On The Brink with Castle Island
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The Rise of Stablecoins and the Importance of Digital Currencies
This chapter explores the user bases of tether and USDC stablecoins and emphasizes the significance of digital currencies in the crypto market. It discusses interesting data from a stablecoin report, revealing that stablecoins comprise 10% of the market cap but contribute to over 40% or even 50% of transaction volume in dollar terms.
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