In this episode, we talk to Patrick Dugan, coiner of the term 'crypto-dollarization'. Patrick has a wealth of knowledge regarding stablecoins and the prospects for public blockchains to carry fiat-denominated value. Covered in this episode:
- His formative experiences living under capital controls in Argentina
- How Patrick's time in LatAm taught him about dollarization
- Political drivers of the dollar's predominance in LATAM
- How Patrick realized that crypto-dollarization would be important
- Patrick's experiences working for the Omni Layer Foundation
- Patrick's analysis of the earliest stablecoins like BitUSD, Nubits, and Tether (Omni)
- Patrick's analysis of the stablecoin models which are most likely to succeed long-term
- Likely geopolitical effects of crypto-dollarization
On The Brink with Castle Island