Episode Details

On the Margin: Breaking Down the Disconnect Between TradFi & Crypto | Austin Campbell
9/12/2024
On The Margin ↗

Key Insights

Bullish:

  • 🟢 $STABLES - Stablecoins offer significant advantages over traditional banking, including 24/7 real-time settlement, reduced counterparty risk, and potential for global dollar transactions. Their adoption is likely to increase due to these benefits and the political incentives to support them.
    • ā€œThe US system is kind of paralyzed and not innovating, and the rest of the world wants dollars. And so getting to twenty four seven settlement systems real time has actual pretty deep value.ā€ - Austin (0:00)
    • ā€œThis would be the equivalent of me having a debit card that is backed by a government money market fund and my being able to pay people literally in the shares of the government money market fund. So now instead of having credit exposure to banks, instead of having to think about their risk, instead of having to think about their lending, I could just be like, look. Unless the US government goes bankrupt, I'm good.ā€ - Austin (0:00)
    • ā€œI'm significantly more optimistic on stable coins because the worst case scenario for both parties is that you push all of this offshore in ways you can't control or even worse, you push it into another currency, and I think they know that.ā€ - Austin (50:42)
  • 🟢 $INFRA - šŸ”’
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