2 clips
Equity
The hosts explore how companies like DoorDash could use customer wallet balances to launch their own stablecoins for treasury management. They raise the critical question of what happens during a bank run scenario when users demand their funds back simultaneously.
The hosts discuss how Tether, despite being hugely profitable and important to the crypto ecosystem, is becoming increasingly risky as it shifts from safe US treasury bills to riskier investments like Bitcoin. They explore the paradox of stablecoins being unsexy but crucial, while highlighting concerns about Tether's shrinking equity cushion.
