Are Stable Coins Linked to Dollar Per Dollar?

If there's a new regulation, stable coins must be linked to dollar per dollar in a bank account held by Circle. And now Circle is just the custodian of, say, I think it's $38 billion in USDC right now. Is it really any different between those dollars circulating the economy and that USDC as long as they can actually prove and be audited? "I don't know, I don't see how they have any real fear from that," he says.

Transcript

Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app