Cryptodollars are the new Eurodollars. What are Eurodollars, though? Well, we get into that in today’s episode with 8-time repeat Bankless guest, Nic Carter. Nic is a partner at Castle Island Ventures, Fidelity alumni, co-founder and board member of Coin Metrics, and a prolific writer of editorials and academic articles alike, Nic is also a believer that the halvening is always priced in, he’s a stablecoin connoisseur, an onchain wizard, and an unlicensed vespa driver.
------
✨ DEBRIEF | Ryan & David unpacking the episode:
https://www.bankless.com/debrief-nic-carter-stablecoins
There’s over $10 trillion dollars worth of Cryptodollars out there and Nic believes that number could grow even bigger. Stablecoins are often called crypto’s killer app, however, Nic thinks we aint seen nothing yet!
-----
🏹 Airdrop Hunter is HERE, join your first HUNT today
https://bankless.cc/JoinYourFirstHUNT
------
📣 a16z Startup School | Apply Before Oct. 20th
https://bankless.cc/a16z-startup-school
------
BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://k.xyz/bankless-pod-q4
🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING
https://bankless.cc/MetaMask
⚖️ ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum
🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION
https://bankless.cc/Toku
🦄UNISWAP | ON-CHAIN MARKETPLACE
https://bankless.cc/uniswap
🔗 CELO | CEL2 COMING SOON
https://bankless.cc/Celo
------
TIMESTAMPS
0:00 Intro
8:25 Stablecoin Tribe
10:20 The State of Stablecoins in 2023
13:40 Stablecoin’s Product Market Fit
17:16 Stabelcoin Haters
19:00 Growth of the Euro-Dollar Market
21:04 Euro vs. Crypto Dollars
24:30 Federal Reserve History
34:45 Stablecoin Incentives
37:00 Euro-Dollar vs. U.S.-Dollar Backing
43:00 Circle
45:40 PYUSD
46:56 Crypto-Dollars vs. Euro-Dollars
51:15 Why the Rise of Stablecoins?
55:57 Democratic Inclusion of Crypto-Dollarization
59:19 Chart
1:03:05 Tokenized Treasury
1:07:16 Regulatory Idea Maze
1:15:00 Big Banks
1:19:30 Stablecoin Roadmap
1:24:57 Crypto Bullishness
1:28:52 Stablecoin Predictions
1:32:12 Closing & Disclaimers
-----
RESOURCES
Nic Carter
https://twitter.com/nic__carter
-----
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures