Episode Details
Title | Breaking Down the Disconnect Between TradFi & Crypto | Austin Campbell |
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Date | 9/12/2024 |
Podcast | On The Margin ā |
Key Insights
Bullish:
- š¢ $STABLES - Stablecoins offer significant advantages over traditional financial systems, including 24/7 real-time settlement and improved geopolitical control. They address the global demand for dollars and provide a more flexible tool for targeted financial sanctions.
- āThe US system is kind of paralyzed and not innovating, and the rest of the world wants dollars. And so getting to 247 settlement systems real time has actual pretty deep value.ā - Austin (0:00)
- āIf somebody is a political dissident in Russia trying to get capital away from Putin's regime, we can let them keep the stable coins. But if it's literally Putin, we can take them away. And so what it does is it allows us to extend the reach of dollar sanctions and also apply them in much more targeted ways.ā - Austin (44:05)
- š¢ $GOVTMMF - š
- š¢ $BLOCKCHAIN - š
Bearish:
- š» $BANKS - š