Episode Details

After a Summer of Stablecoins, What’s Next?
9/2/2025
Goldman Sachs Exchanges

Key Insights

Bullish:

  • 🟢 $STABLES - Stablecoins have significant potential for growth, particularly as dollar savings products outside the US, with USDC currently dominating the US market. Bank-issued stablecoins may also gain traction due to potential cost savings for banks.
    • The three most interesting uses of stablecoins in real life are a, dollar savings products outside of The US. Many people believe that is the single largest ultimate use case of stablecoins.” - Brian (1:15)
    • So right now you really, in this country, only have one at scale, which is USDC. As soon as you have mass market adoption of this, the monopoly will go away, and that will be good.” - Brian (5:52)
    • What these banks are looking to do is to a lower their funding costs. And if they have people holding stable coins, there's reasons to think that that can be cheaper than having to hold an actual bank deposit.” - Brian (8:19)
  • 🟢 $TREASURIES - 🔒
    • Sign up to see full quotes, jump to timestamps, & more

Bearish:

  • 🔻 $STABLES - 🔒
    • Sign up to see full quotes, jump to timestamps, & more