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17 results for “stablecoins”
is long term a pretty good store of value that will be around for a very, very long time. It's not going anywhere. And we'll have properties that are desirable that are not provided by other things, like fiat or gold itself or anything like that. It'
34:21 / 35:37
from transcript34:21 – 35:37
...at stablecoins today, there are $230,000,000,000 market. Those $230,000,000,000 rotate on chain to the tune of about $27,000,000,000,000 last year in 2024, which was greater than Visa's total settlement volume, almost two x that. And if you kinda thi
14:59 / 16:04
from transcript14:59 – 16:04
...they're pegged to the value of the US dollar. The way that stablecoins really took off initially was that on a number of crypto exchanges, people wanted to be able to buy and trade using dollars. There were this book called The Cryptopians, and it ki
4:30 / 5:33
from transcript4:30 – 5:33
...own stablecoins that are also USD denominated to the point that those new stablecoins are somewhat fungible and interchangeable with USDC and with Tether. Because if all of them are compliant, then you can trust that all of them are likely to be ulti
10:26 / 11:35
from transcript10:26 – 11:35
...stablecoins. Let me add to that that and I think that there is a lot of confusion because to me, I don't really see a major difference between, let's say, a stablecoin of some sort and a money market fund. Essentially, it's one and the same, and part
55:57 / 57:21
from transcript55:57 – 57:21
...stablecoins are, like, one to one. So it's, like, a dollar is equal to one stablecoin. And so it used to be a safe haven from crypto market volatility. That was, like, the general original thesis behind stablecoins. And now stablecoins are being seen
12:44 / 13:49
from transcript12:44 – 13:49
...know, stablecoins, like, the argument for them, I guess, right, is, like, they could be used for cross border payments. Like, fintechs are using them for settlement. There's emerging markets are using them for dollar access. Enterprises increasingly
11:19 / 13:06
from transcript11:19 – 13:06
...how stablecoins could be useful to US consumers. If you go on the Chase website and you look at the interest rate paid to Chase savings accounts, I think it's It's crazy. Zero point something percent. Yeah. That's crazy. And this is with treasury rat
1:23:14 / 1:24:17
from transcript1:23:14 – 1:24:17
...the stablecoins are, denominated, in or or pegged to the belt of the US dollar. And it's, of course, because we're the global reserve currency. So there's a lot of safety there. You know? I mean, there's so there's so many different reasons people ac
7:24 / 8:34
from transcript7:24 – 8:34
...other stablecoins as well. I wonder what you think of that trend, how that'll continue to pan out in the future. The details there have a lot to do with regulatory conditions. The passage of the Genius Act after it's had some time to cook and after s
56:52 / 58:03
from transcript56:52 – 58:03
...Stablecoins are happening today. This isn't like a theoretical thing. Hey.
15:47 / 16:47
from transcript15:47 – 16:47
...a type of cryptocurrency that's grown its market cap to $164,000,000,000 in just the past four years. He liked that stablecoins could be moved in a way that was fast, cheap, programmable, and interoperable. He also liked that when they're pegged to a
6:42 / 7:52
from transcript6:42 – 7:52
...a run on stablecoins Mhmm. Which, let's face it, people anticipated Tether would have at some point. There were lots of fines they got. There was these attestations. People didn't know if they even had the resources they had. And now it's pretty clea
5:59 / 7:04
from transcript5:59 – 7:04
...Stablecoins really grow for traditional use cases. So, you know, we've been talking about this for a long period of time. There was companies that raised a lot of money on this thesis, you know, for for years. But if you look around the actual compan
21:43 / 22:46
from transcript21:43 – 22:46
...what stablecoins provide. And variability and not knowing how much your dollar is worth when you open your wallet or your bank account was a blocker for consumers. Yeah. I mean, volatile cryptocurrencies, no one's gonna buy a cup of coffee with a Bit
5:12 / 6:22
from transcript5:12 – 6:22
...think of stablecoins as sort of the initial real world asset. Right? So you have dollars in bank account, and then the next and then and then the great thing about that, the kind of adoption there and hopefully all the regulatory clarity we're gettin
23:15 / 24:15
from transcript23:15 – 24:15
...some stablecoins have their reserve managed by money market funds. Right. Circle, for example. But going back to gold. So, obviously, it has this magnetic effect on people, but, also, people value it, and people value it higher during certain times o
56:54 / 58:08
from transcript56:54 – 58:08
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