The Jacob Shapiro Podcast Stablecoins and the Geopolitics of Trust
8 snips
Jun 9, 2025 The hosts encourage a positive outlook despite global challenges, citing drops in crime and overdose rates. They explore stablecoins, examining their definitions, regulatory landscapes, and potential risks tied to traditional banking. There's a comparison of global approaches, particularly between the U.S., China, and the EU, amid discussions on financial credibility and the erosion of trust. Geopolitical implications are unpacked, especially regarding Europe's pursuit of financial independence against the backdrop of changing global currencies.
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Positive Social Trends in US
- Violent crime and drug overdose rates in the US have declined significantly in recent years.
- This challenges the prevailing negative narratives about US societal decline and suggests positive social progress.
Navigating Volatility and Change
- Volatility causes both destruction of old jobs and creation of new wealth and opportunities.
- Accepting change as constant is crucial to navigating economic and technological shifts.
What Are Stablecoins?
- Stablecoins are digital tokens issued privately as a form of payments backed by assets like cash or treasuries.
- They mimic old US bank scripts and allow non-bank entities to create money-like instruments.
