Stablecoins: Enemy of the Good?
summary
Stablecoin volume surges from about $5B in 2019 to $180B in 2022 and sees $50 billion daily movement, driving real use in remittances, commodity trades and as a bypass for broken correspondent banking corridors. Regulators push reserve rules like MiCA’s 30–60% reserve guidance, while KYC failures and stuck reserves (eg $3.3B at banks) create operational risk. Caribbean and African experiments show <6% CBDC adoption in Jamaica and much higher stablecoin uptake in Africa; Lightning on/off ramps and stable channels and taproot assets emerge as technical alternatives.
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chapters (15)
- 0:00Intro
- 2:08What is a Stablecoin
- 3:13Difference between Stablecoins and CBDCs
- 7:58Is Stablecoins shortsighted
- 9:32The threepronged approach
- 11:51Regulatory challenges
- 12:44Prudential regulations
- 14:23Other regulatory challenges
- 15:27Bitcoin vs Stablecoins
- 16:45Impact of Stablecoins on traditional banking
- 18:35Personal experience with Stablecoins
- 20:21Countries using Stablecoins
- 24:02Stablecoins vs Foreign Exchange
- 26:11Stablecoins vs Banks
- 27:46Outro
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