Published: July 20, 2020, 9 a.m.
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Nate Maddrey, senior research analyst at Coin Metrics, joins the show to discuss a recent report published by CM in collaboration with Bitstamp, The Rise of Stablecoins. We talk through the report and analyse some of the charts in depth. In this episode:\\xa0
- Why the auditability of public blockchains is so useful for evaluating stablecoins
- Why fiat backed stablecoins have different price dynamics from \'native crypto collateral\' backed ones
- How the arbitrage growth cycle works for fiat-backed stablecoins
- What the distribution of ownership and addresses for USDT tells us
- Liquidity for USDT versus USDC and BUSD
- Distinguishing stablecoins based on median transfer value
- Stablecoins as wholesale rather than retail value transfer networks
- What velocity of stablecoins relative to bitcoin and ether tells us
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