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. 

------ ✨ 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 

----- RESOURCES

Nic Carter https://twitter.com/nic__carter  

----- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures