logo
episode-header-image
Dec 2021
57m 40s

SOB: Can Stablecoins Survive?

COINDESK
About this episode

Join hosts Adam B. Levine and Stephanie Murphy along with special guest Josh Scigala, CEO of Vaultoro, for a wide-ranging exploration of the growing asset class of "Stablecoins."

This episode is sponsored by Nexo.ioKuCoin and DeFiHorse.

On this episode we discuss:

  • The possibility of central banks or regulators banning private 1:1 stablecoins.
  • The challenges faced by early, decentralized, overcollateralized stablecoins.
  • How negative interest rates will drive 1:1 stablecoins into fractional reserve.
  • The potential weaponization of unlimited money printing to take control of limited resources.
  • The scenario where governments freeze bank accounts connected to 1:1 backed coins in an attempt to destroy the wider crypto economy.
  • The Potential for mismanagement of funds by 1:1 companies and threat of a Lehman brothers 2.0
  • The shrinking but still dangerous dearth of transparency within the biggest stablecoin balance sheets
  • Why regulators can't seem to keep up with real solutions
  • Why Josh believes decentralised stablecoins present a better set of tradeoffs.

-

Nexo is a powerful, all-in-one crypto platform where you can securely store your assets. Invest, borrow, exchange and earn up to 12% APR on Bitcoin and 20+ other top coins. Insured for $375M and audited in real-time by Armanino, Nexo is rated excellent on Trustpilot. Get started today at nexo.io.

-

KuCoin was listed on Forbes Advisor’s “The Best Crypto Exchanges Of 2021,” which highlighted hundreds of tradable coins, low fees, plus automated and margin trading. Sign up NOW to claim a $500 welcome bonus at KuCoin.com.

-

DeFiHorse’s races start in Q1/2022. This GameFi project has premium graphics and highly competitive gameplay. DeFiHorse beams you to a cyberpunk world, providing you with legendary steeds to top the leaderboards and become the ultimate champion. For more info visit bit.ly/DeFiHorse.

-

Today’s show featured Andreas M. Antonopoulos, Jonathan Mohan, Stephanie Murphy and Adam B. Levine, with editing by Jonas. Music for todays show was provided by Jared Rubens and Gurtybeats.com. Our episode art was created by Adam B. Levine using pixelmind.ai


Any questions or comments? Send us an email at adam@speakingofbitcoin.show


See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Up next
Yesterday
Will Emirates Accept Crypto Payments? | COINDESK DAILY
Host Jennifer Sanasie breaks down the latest news in the crypto industry as Emirates has signed a preliminary deal with Crypto.com to allow customers to pay in crypto.Airline giant Emirates has signed a preliminary deal with Crypto.com, allowing its customers to make payments thr ... Show More
2m 30s
Yesterday
CoinDesk Conversations: From Earth to Space, Reebok's Joe Foster and Ben Weiss Redefine Sneakers
The video discusses the launch of the first AI-designed custom slide shoe by Syntilay, which has garnered significant media attention. CoinDesk interviews Joe Foster, co-founder of Reebok, and Ben Weiss from Syntilay about this innovative product that uses AI to custom-make shoes ... Show More
12m 38s
Yesterday
BITCOIN SEASON 2: Why tokens don't work (except for Bitcoin)
Gwart discusses the death of the fat protocol thesis, why DAOs became dysfunctional, and crypto's shift from public goods delusion to revenue-focused businesses. Plus thoughts on Bitcoin maximalism and Solana's pragmatic approach.You're listening to Bitcoin Season 2. Subscribe to ... Show More
59m 13s
Recommended Episodes
Dec 2021
Secure America's Financial Strength With Stablecoins, Not Central Banks
On today's show, Jake Chervinsky, head of policy at the Blockchain Association, looks at how stablecoins are already expanding the reach of the U.S. dollar, but if the government were to restrict stablecoins in favor of a Central Bank Digital Currency (CBDC), that trend could qui ... Show More
7m 2s
Dec 2021
Who Sets the Rules of Bitcoin as Nation-States and Corps Roll In
On today's show, CoinDesk's Chief Insights Columnist, David Z. Morris, takes a look at how a scrappy, leaderless, multi-trillion dollar project called Bitcoin could survive when the corporations try to change it.Read the story here.This episode is sponsored by Kava, Nexo.io and M ... Show More
12m 8s
Mar 2024
Crypto Update | Upcoming Halving Will Be 'Most Symbolic' One Bitcoin Will Ever Have: Kraken Head of Strategy
The latest price moves and insights with Jennifer Sanasie and Kraken Head of Strategy Thomas Perfumo.To get the show every day, follow the podcast here.On "Markets Daily," Kraken Head of Strategy Thomas Perfumo joins CoinDesk with insights on recent movements in the crypto market ... Show More
11m 19s
Jun 2024
Stablecoins will keep winning because they are a 'fundamentally better product,' says Ryze Labs Matthew Graham
Matthew Graham is the founder and managing partner of Ryze Labs — the crypto VC firm formerly known as Sino Global. In this episode, Chaparro and Graham discuss the state of the stablecoin market and the potential impact of stablecoins on the global financial system. Graham also ... Show More
36m 20s
Jun 2022
What Are Stablecoins (And Why Should You Use Them?)
Big question I've been asked when it comes to stablecoins was...If the value of the USD is suffering from inflation and stablecoins are pegged (linked and equal to) a dollar then why would I risk holding a digital version of an asset that is going down in value? Short answer is t ... Show More
16m 50s