Building a Perfect Stablecoin w/ Austin Campbell - Flyhweel #54
Flywheel DeFi
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The Future of Cryptocurrency
Tether has proven to be the right US dollar stablecoin model. I would want something that looks more like what Paxos did, which is some sort of bankruptcy remote vehicle so that if the issuer itself goes bankrupt, the users keep their money and have the portfolio management look basically like how Fidelity or Vanguard manage their money market funds. That definitely does not exist. Like some people have elements of it, but nobody has done all of it.
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