Nate Maddrey, senior research analyst at Coin Metrics, discusses a report on the rise of stablecoins over the last few months that Coin Metrics published in conjunction with Bitstamp. He covers:
why a stablecoin supply that grew over five years has doubled in the last four months why demand has grown, specifically for Tether, especially after Black Thursday why that demand caused Tether's price to rise above $1 post-Black Thursday why Tether is the most dominant stablecoin how traders were making money off that arbitrage opportunity and why the arbitrage stayed in place so long where Tether is popular why Tether's price goes up when the free float supply is high and why it goes down when the free float supply is low why the stablecoins have varied in their ability to stay stable and how individual stablecoins have reacted which types of users are holding stablecoins and various types of users are doing with it why it is that stablecoins appear to have different median exchange values and why stablecoins have higher velocity than bitcoin and etherThank you to our sponsors!
Crypto.com: https://www.crypto.com
Nexo: https://nexo.io
Tezos: https://tquorum.com/
Episode links:
Nate Maddrey: https://twitter.com/natemaddrey
Coin Metrics: https://coinmetrics.io
The Rise of Stablecoins report: https://coinmetrics.io/the-rise-of-stablecoins/
Links from news recap:
https://unchainedpodcast.com/a-brazen-bitcoin-heist-on-twitter/
We're Moving to Unchained. Follow Us There!
Girl Gone Crypto: How These Wildly Entertaining Crypto Videos Get Made - Ep.165
Michael Moro on Tesla's BTC Buy and the New Genesis Treasury - Ep.164
Why Asia Is So Important to Crypto - Ep.163
Why the GameStop Insanity Is So Similar to Crypto - Ep.162
Is Tether a Fraud? Its Bank Says It's Not - Ep.161
What You Need to Know About Bitcoin Layer 2s - Ep.160
2021 in Crypto: What to Expect in the Year Ahead - Ep.159
Laura's New Year's 2021 AMA: Your Questions About Privacy, the STABLE Act, Diem and More - Ep.158
Laura's Christmas 2020 AMA: Your Questions About Crypto Media and More - Ep.157
Beeple on How and Why He Raked In $3.5 Million - Ep.156
Why Rohan Grey Believes Stablecoin Issuers Need to Be Banks - Ep.155
How to Get Your ETH2 Yield and Take Out a Loan on It - Ep.154
Crypto on Every Corner: Driving Adoption With Jeremy Allaire and Meltem Demirors - Ep.153
9 Ways Bitcoin Is at an All-Time High - Ep.152
Chad Cascarilla on Paxos's Partnership With PayPal - Ep.151
What the Crypto Industry Could See Under a Biden Administration - Ep.150
The 2 Types of Investors Driving Interest in Crypto - Ep.149
Willy Woo on Why It's 'an Extremely Great Time to Buy Bitcoin' - Ep.148
What You Need to Know About the DOJ's Cryptocurrency Enforcement Framework - Ep.147
Create your
podcast in
minutes
It is Free
Pharmacy Podcast Network
Startitup podcasty
Sarah Westall - Business Game Changers
Børsen Morgenbriefing
Wall Street Breakfast