192 - Cryptodollars Are the New Eurodollars with Nic Carter
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 16 October 2023
⏱️ 87 minutes
🧾️ Download transcript
Summary
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.
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✨ 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!
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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
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RESOURCES
Nic Carter
https://twitter.com/nic__carter
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Give us some of your predictions, right? |
| 0:02.4 | And over the next three to five years, |
| 0:04.0 | what's going to happen do you think |
| 0:06.4 | in the world of Internet money and Internet finance. |
| 0:20.0 | This is how to get started, how to get better, how to front run the opportunity. |
| 0:23.4 | This is Ryan Sean Adams, and I'm here with David Hoffman, |
| 0:25.9 | and we're here to help you become more bankless. |
| 0:29.6 | crypto dollars are the new euro dollars. |
| 0:32.3 | Okay, but what are euro dollars? |
| 0:34.0 | We get into that in today's episode with Nick Carter. |
| 0:36.0 | There's over ten trillion dollars of euro dollars out there |
| 0:40.0 | and our guest today, Nick, says crypto dollars are going to be even bigger. |
| 0:45.0 | While stable coins are often called crypto's killer app, our guest Nick says, |
| 0:49.0 | you ain't seen nothing yet. |
| 0:51.0 | A few takeaways in today's episode. Number one, why |
| 0:53.5 | crypto dollars are growing even in the bear market. Number two, how |
| 0:57.1 | crypto dollars are playing back the history and evolution of euro dollars and |
| 1:00.4 | what we can learn from all that. Number three, How the US government policy is actually pushing |
| 1:04.8 | crypto dollars offshore. |
| 1:06.6 | Number 4, the roadmap for stable coins, what's going to happen next, |
| 1:10.1 | and number 5, we conclude with Nick Carter's top predictions for the next five years of |
| 1:14.9 | crypto dollars, including his take on whether crypto dollar adoption is going to be good |
... |
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