192 - Cryptodollars Are the New Eurodollars with Nic Carter

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