Been looking into stablecoins
USDC is basically a CDBC
USDT… i just don’t trust them
Are there any real decentralized stables?
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Two stablecoin lanes are currently forming in the space today:
Circle USDC is the institutional play for banks, cross-border finance, etc. via the Circle Banking Private Network.
On the other hand, Tether is the grassroots international dollar, which serves a different lane, different user, but is going the same direction.
The question is who will stand in the middle to connect the fragmentation between them.
These are the types of infrastructure gaps that garner an outsized opportunity.
Listen to the full episode below to hear more about where we think the value concentrates.
Circle(@circle) has minted 750M $USDC per day over the past 4 days, for a total of 3B $USDC.
https://t.co/6dITkpO0hm https://t.co/I00JPcW1OE
USD Coin is a stablecoin brought to customers by Circle and Coinbase. It is an open source, smart contract-based stablecoin. True financial interoperability requires a price stable means of value exchange. CENTRE’s technology for fiat-backed stablecoins brings stability to crypto. The initial implementation is USD Coin (USDC), an ERC-20 token creating possibilities in payments, lending, investing, trading and trade finance — and the ecosystem will grow as other fiat currency tokens are added.
