SOB: Can Stablecoins Survive?
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 22 December 2021
⏱️ 59 minutes
🧾️ Download transcript
Summary
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.io, KuCoin 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 [email protected]
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Audible brings your wildest adventures to life, delivering heart-pounding thrills at the touch |
| 0:05.8 | of a button. |
| 0:07.0 | Take Richard Osmond's The Thursday Murder Club, where four retirees turned amateur sleuths |
| 0:11.8 | solve crimes in the most unexpected ways, brilliantly performed by Leslie Manville. |
| 0:17.1 | Ready to unleash your adventure aside, from pulse racing suspense to epic quests, from supernatural |
| 0:22.6 | chills to far-off romances, every story comes alive through world-class narration. |
| 0:28.5 | Explore exclusive audible originals, chart-topping new releases, and unforgettable bestsellers |
| 0:34.4 | that transport you from the very first word, because the next great |
| 0:38.2 | adventure is just a listener way. Start your free 30-day trial at audible.com slash |
| 0:43.9 | Wondery, UK. That's audible.com slash Wondery UK. |
| 0:49.6 | This episode of Speaking of Bitcoin on the Coin Desk Podcast Network is brought to you by nexo.io, |
| 0:55.9 | Kucoin, and Defi Horace. |
| 1:01.6 | While it's not the sexiest use case, stablecoins have become an increasingly important, |
| 1:05.7 | or at least mainstream part of the cryptocurrency story. |
| 1:08.7 | When I helped figure out how the original asset-backed |
| 1:11.1 | stablecoin tether could work way back in 2014, we were effectively trying to solve |
| 1:14.9 | a very specific and somewhat limited problem. Creating a form of money that would effectively |
| 1:19.0 | be dollar or other national currency-paked instruments that would work natively in the new |
| 1:23.7 | token economy, because at least for the most part, there was no way to transfer |
| 1:27.7 | dollar-denominated assets between wallets or between exchanges without using the banking system. |
| 1:32.5 | And there were times when that was really, really useful. |
| 1:35.7 | These days, stable coins are big business and a very competitive market. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from CoinDesk, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of CoinDesk and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.