CoinList Chats: Stablecoins with Nic Carter

In this episode of CoinList Chats, Andy Bromberg and Nic Carter, Partner at Castle Island Ventures, explore the history of stablecoins, their different models, how they’ve impacted crypto today, and what their future looks like. Stablecoins are not a new idea–in fact, they predate Bitcoin. E-gold and Liberty Reserve both attempted to create sovereign, digital currencies indexed to stable assets before being shut down by regulators in the early 2010s. While Liberty Reserve and e-gold faltered, the demand for a sovereign, digital currency indexed to a stable asset has not. Stablecoins, in their modern iterations, have become an important part of crypto and could expand the ecosystem as a whole; in the past week, it was reported that there is more value being transferred via stablecoins on top of Ethereum than the value being transferred with ETH itself. Are current implementations of stablecoins doomed to the same fate as Liberty Reserve and e-gold or has their time finally come? Resources / Links: CoinList: https://coinlist.co/ CoinList Trade: https://coinlist.co/trade Andy Bromberg: https://twitter.com/andy_bromberg Nic Carter: https://twitter.com/nic__carter   Legal disclaimer: This podcast was recorded and is being distributed by Amalgamated Token Services Inc., dba CoinList, for informational purposes only, and expresses solely the opinions of the speakers, not necessarily those of CoinList. Nothing in this podcast shall constitute or be construed as an offering of securities or as investment, legal or tax advice or investment recommendations (i.e., recommendations as to whether or not to enter into any transaction involving any specific interest or interests) by CoinList or any of its affiliates, or a recommendation as to an investment or other strategy. These types of investments involve a high degree of risk (including the risk of total loss) and potential investors should consult with their own advisors. CoinList does not receive compensation for publishing, giving publicity to, or circulating notices or communications that describe securities.