Analyst Hour: Michael Li on Stablecoins

The Blockcrunch Podcast

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2y ago 39:49

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P.S You can find our full report on stablecoins at https://bit.ly/3AtuuCl

Stablecoins, as the name suggests, were thought to be stable - that is, until the recent USDC depeg drama where the supposedly rock-solid stablecoin traded from one dollar to eighty five cents as one of the major custodial banks went under

Can we still trust major stablecoins like USDC or USDT? If not, what are some alternatives?

In this episode, Michael who wrote a 20-page research article on stablecoins for our Blockcrunch VIP subscriber breaks down for us

Issues with current stablecoins
Up and coming decentralized stablecoins
Relevance of stablecoins in 2030

Host: Jason Choi @mrjasonchoi . Not financial advice.

Timestamps:

(00:00:00) – Introduction to Spencer

(00:03:30) – What are stablecoins

(00:07:11) – Different types of stablecoins

(00:14:59) – Commentary on Liquity Protocol

(00:17:52) – Frax vs Liquity

(00:19:53) – Dominance of USDT & USDC

(00:24:22) – Path to decentralization

(00:27:51) – Gyroscope stablecoin

(00:31:27) – Aave’s GHO & Curve’s crvUSD

(00:35:24) – Relevance of stablecoins in the future

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More Resources:

Guest

Michael Li: https://twitter.com/michael_lwy

Blockcrunch

Blockcrunch VIP: https://blockcrunch.substack.com/

Blockcrunch Twitter: https://twitter.com/theBlockcrunch

Jason Choi’s Twitter: https://twitter.com/mrjasonchoi

Disclaimer:

The Blockcrunch Podcast (“Blockcrunch”) is an educational resource intended for informational purposes only. Blockcrunch produces a weekly podcast and newsletter that routinely covers projects in Web 3 and may discuss assets that the host or its guests have financial exposure to. Views held by Blockcrunch’s guests are their own. None of Blockcrunch, its registered entity or any of its affiliated personnel are licensed to provide any type of financial advice, and nothing on Blockcrunch’s podcast, newsletter, website and social media should be construed as financial advice. Blockcrunch also receives compensation from its sponsor; sponsorship messages do not constitute financial advice or endorsement.

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