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189 - Taking Treasury Bills Onchain with Martin Carrica
Bankless
The Market Size for Stables
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Tokenized treasure, like steak deaf for dollars, is explained to DJs and crypto natives. The beacon chain serves as the US treasury, providing yield and housing the ultimate asset. A wrapper on top, resembling New York City, makes it liquid and yield-bearing. The competition is fierce, with over 10 companies vying for the massive market value of 20 trillion US dollars. By adding yield, the stable coin market could reach a trillion in the next three years. This enticing argument allows individuals to earn 5% with a lower risk on chain compared to traditional banking.
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