The Scoop Stablecoins will keep winning because they are a 'fundamentally better product,' says Ryze Labs Matthew Graham
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Jun 18, 2024 Founder of Ryze Labs, Matthew Graham, discusses the state of the stablecoin market, highlighting their potential impact on the global financial system. Topics include stablecoin opportunities, financial inclusion, stablecoins in emerging markets, and the risks associated with stablecoins. Graham also explores the regulatory landscape and the potential for stablecoins to enhance economic opportunities.
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Stablecoins as Perfect Crypto Fit
- Stablecoins are a rare perfect product-market fit in crypto with broad utility across everyday transactions, remittances, and inflation hedges.
- They offer a simple, relatable example to explain crypto's value to both traditional finance and general audiences.
Stablecoins As Emerging Market Hedge
- In emerging markets, stablecoins serve as practical inflation hedges by providing access to the US dollar.
- This contrasts with typical US-centric Bitcoin inflation hedge narratives which don't apply in hyperinflation countries.
Stablecoins Bolster USD Dominance
- Global adoption of stablecoins effectively reinforces US dollar dominance and increases demand for US treasuries.
- Stablecoins could be a key technology for the US to sustain its currency hegemony amid global challenges.