BREAKDOWN: The Race for Stablecoin Transparency

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CoinDesk

Business News, Daily News, News, Tech News

4.7 • 698 Ratings

🗓️ 28 August 2021

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

Tether, Circle and Paxos all position for a new regulated stablecoin era. This episode is sponsored by NYDIG. On this week’s Weekly Recap, NLW breaks down the recent history of stablecoins and contextualizes recent news from Tether, Circle and Paxos. Could stablecoin providers be positioning themselves to be the rails of an eventual U.S. digital dollar? - NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW. - “The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: MirageC/Moment/Getty Images, modified by CoinDesk. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:43.9	Wondery UK. That's audible.com slash Wondery UK.
0:53.8	Welcome back to The Breakdown with me, NLW.
0:58.8	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
1:06.0	The breakdown is sponsored by Nidig and produced and distributed by CoinDesk.
1:12.3	What's going on, guys? It is Saturday, August 28th, and that means it's time for the weekly
1:17.6	recap. And the weekly recap is always sort of a guessing game of what it's going to be.
1:22.9	Will it be a roundup of all the news events, or will it be a topic that I just happened to miss?
1:27.7	And this week, I actually did a couple of news roundup type episodes, and I didn't feel
1:32.3	like there was the need for that, but there was a topic that I didn't have a chance to dig
1:36.5	into, which is something that I'm calling the race for stablecoin transparency. So let's get
1:41.3	into that. So, stablecoins, stablecoins, stable coins.
1:44.8	You guys know that I have a historical, overarching pattern sort of perspective.
1:50.0	I like to look back at things and ask how a historian or an observer in the future might
	...

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