The Pomp Podcast #1520 Tarun Gupta | Will Stablecoins Be Bigger Than Bitcoin?
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Apr 2, 2025 In this intriguing discussion, Tarun Gupta, Founder and CEO of Coinshift, dives into the world of stablecoins and their potential to surpass Bitcoin. He highlights the rise of yield-bearing stablecoins and their global impact on finance. Gupta discusses the importance of institutional trust and effective risk management in stablecoin adoption. He also examines the varying regulatory environments across the U.S., Europe, and the Middle East, emphasizing how these factors can shape the future of digital currencies.
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Bitcoin's Role Evolving
- Anthony Pompliano initially viewed Bitcoin as a medium of exchange and store of value, envisioning hyperbitcoinization.
- He now believes Bitcoin primarily serves as a global store of value, while stablecoins are emerging as the medium of exchange.
Stablecoins as Digital Dollars
- Stablecoins, like USDC and USDT, are essentially dollars on a blockchain, leveraging its distributed ledger for faster transactions.
- Their growth demonstrates the demand for a digital dollar, with stablecoin issuers generating profits from reserves.
Yield-Bearing Stablecoins: A Global Impact
- Yield-bearing stablecoins offer a life-changing opportunity for people in countries with unstable currencies or limited access to financial services.
- These stablecoins provide yield, compounding returns, and a more reliable store of value than local currencies.