The Real Eisman Playbook Are Stablecoins the Next Big Thing? Luigi Mangione Terror Charges Dropped | The Weekly Wrap
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Sep 20, 2025 Explore the latest with insights on the Fed's rate cut and its implications. Delve into the intriguing debate surrounding stablecoins and their potential superiority in cross-border payments. The shocking assassination of Charlie Kirk adds a layer of political tension. Tune in as Luigi Mangione's terror charge dismissal is discussed, along with listener questions that touch on valuation methods and sector analysis. It's an engaging look at the fast-paced world of finance and current events.
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Murder While Debating Highlights Polarization
- Steve Eisman recounts Charlie Kirk being murdered while debating students, highlighting the rise in political polarization.
- He contrasts market anger with political anger, noting markets provide a final arbiter that politics lacks.
Why Stablecoins Matter For Payments
- Stablecoins provide a stable unit suitable for payments versus volatile crypto like Bitcoin.
- Stability derives from issuers backing coins with near-risk-free assets to preserve value certainty.
Current Use Cases Are Narrow
- USDC's current use is concentrated in digital trading, dollarization, and DeFi, while consumer payments remain negligible.
- Circle must expand beyond niche crypto use cases to tap the much larger traditional payments market.