Weekly Roundup 08/18/23 (Stablecoins offshoring, Better Markets oddity, more Prometheum) (EP.444)

Matt and Nic return for another week of news and deals. In this episode: 

• Geographic distribution for USDC v USDT
• Blockchains have become dollarized
• What’s the deal with Helium’s phone plan?
• SBF heads to jail
• We inaugurate a new member of the bad boys
• Dubai regulators fines OPNX
• What’s up with Argentina’s Libertarian presidential candidate?
• We need a new theme song for the SEC
• The Prometheum saga rumbles on
• What’s going on with Better Markets?
• Coinbase can now offer Bitcoin and ETH futures
• FTX and Genesis reach a settlement

Content mentioned in this episode: 

• Brooke Masters in the FT, When Tackling Crypto, the SEC Should Be Wary of Overreach
• Kristin Smith in Coindesk, The FIT Act Is the Most Comprehensive Crypto Regulation Ever Voted on by Congress

Sponsor notes: 

• Coin Metrics STATE OF THE NETWORK — From East to West: the Global Pulse of Stablecoin Transactions
• In Coin Metrics State of the Network Issue 220, we leverage seasonality analysis to reveal geographical trends in Stablecoin usage and volumes