The David Lin Report Stablecoins to $4 Trillion? Chainlink Founder Sergey Nazarov On Future Of Finance
Sep 29, 2025
Sergey Nazarov, the founder of Chainlink and a leading voice in decentralized finance, dives into the future of finance. He discusses how Fed policy impacts DeFi yields and the growing role of stablecoins as frictionless payment methods amidst deglobalization. Nazarov also distinguishes between reserve and algorithmic stablecoins, foreseeing significant growth for both. He explores how tokenization can reshape commerce and why banks partner with Chainlink for its oracle solutions, ensuring reliable financial data on-chain.
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Yield Is The Primary Driver Of DeFi Growth
- DeFi yield drives assets under management and spikes when Fed rates fall relative to DeFi yields.
- Reduced friction and persistent yield could push DeFi TVL past $500B to over $1T.
Monetary And Trade Forces Favor Crypto Rails
- Monetary easing plus deglobalization both increase demand for crypto rails and stablecoins.
- Stablecoins act as a frictionless alternative when traditional rails become restricted.
Stablecoins Eating Into Treasury Market
- Stablecoins already hold a material share of U.S. Treasuries and will likely grow to trillions.
- Treasury-backed stablecoins are the most legitimate form and will expand under the Genius Act.