AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Lightspeed
The Next Chapter for Stablecoins | Nic Carter
Aug 29, 2023
Crypto OG Nic Carter discusses the rise of stablecoins, misconceptions about Tether, US regulation, the impact of stablecoins on L1 tokens, the overemphasis on scarcity in crypto, and the most over/underrated sectors. Predictions include USD dominance, interest-bearing stablecoins, and BRICS coin.
01:07:08
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Stablecoins have become dominant in the crypto market, providing stability and eliminating the need for constant conversion between cryptocurrencies and fiat currencies.
- The podcast explores various approaches to stablecoin issuance, including fully fiat-backed models, collateralizing with crypto assets, and decentralized algorithmic stablecoins.
Deep dives
The Rise of Stablecoins in Crypto
Stablecoins have become a dominant force in the crypto market, accounting for 75% of the dollar volume in crypto and 10% of its total market cap. This shift towards stablecoins has made crypto transactions more efficient and reliable, with stablecoins providing stability and eliminating the need for users to constantly convert between cryptocurrencies and fiat currencies. The rise of stablecoins has also highlighted the importance of maintaining a stable value in smart contracts and settling transactions, as well as the role of tax policies in maintaining the preeminence of sovereign currencies.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode