E23 - Will Remor on Stablecoins

Will Remor is a former quantitative risk analysist from traditional banking that got into stablecoins via the maker DAI project. He's consulted on a number of finance, stablecoin, and defi protocols, including New Zealand's newest stablecoin the NZDD, and has been involved with asset tokenization (or RWAs) from the early days. In this conversation Will takes us through some of the key differences between USDC, Tether, and DAI. We talk about some of the prominent depegging events affecting USDC when Silicon Valley Bank collapsed and who remembers 20% yield in Anchor and the Terra-Luna death spiral.

Timestamps:

00:00 intro
01:15 background in finance
03:19 open banking
06:00 2017-era crypto  
11:49 what's a stablecoin?
16:55 circle
19:07 tether 
21:50 DAI & maker
27:30 NZDD
35:36 mechanics
39:49 stay pegged
44:11 USDC depegs
53:23 UST Terra/Luna
58:46 tokenizing real world assets
1:14:10 opening markets
1:17:20 rapid fire
1:26:20 fin
Some notes from the show:

• tZero
• ETHLend history
• Paul Salisbury from Everlasting
• Janine Grainger from EasyCrypto
• Stables by marketcap 
• Circle winds down consortium 
• USDC SVB depeg 
• TrueUSD arbitrage 

Contact Will:

• LinkedIn

Find Jeff:

• X/Twitter
• LinkedIn 

The BCNZ Pod:

• Website https://podcast.blockchain.org.nz/
• YouTube 
• Apple Podcasts
• Google Podcasts
• Spotify 
• iHeartRadio 

Media & Sponsorship Enquires:

• team@blockchain.org.nz 

Recorded at blockheight 828304. The BCNZ podcast was founded in 2022 by Jeff Nijsse and Bryan Ventura.