In theory, what gets people most excited about crypto is lines going straight up. But one of the biggest successes in crypto is the rise of stablecoins. Basically, stablecoins allow people to hold dollar-linked assets directly on the blockchain. This is potentially important for P2P payments, trading, cross-exchange arbitrage and more. But by holding actual money, the big stablecoin issuers potentially have a massive amount of power in a space that's supposed to be all about decentralization. On this episode, we speak with Jeremy Allaire, the CEO of Circle, which issues the USDC stablecoin. We talked about regulation, the business model of stablecoins, and the influence he has within the broader ecosystem.
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Francisco Gimeno - BC Analyst The collapse of Terra during the hard bearish crypto market made many to rethink a lot of supossitions about stablecoins. Interestingly many talked and commented against them as dangerous and centralisation tools which are not convenient to a supposedly intended decentralised crypto market. But many are investing and using different stablecoins because of certain advantages against other cryptos and tokens. In fact investors are more savvy and reading the small writing on each stable coin before investing, which was not usual before. They look for safe foundations. Regulators are very interested in the stablecoins business models and their increasing influence on the global market and DeFi. What do you think?