Peter Johnson, co-head of Venture at Brevan Howard Digital, returns to the show to talk about his latest theses on stablecoins. In this episode: 

• The origins of Peter's interest in stables 
• We review Peter's prior stablecoin predictions 
• USDC versus USDT market share trends 
• Peter's main takeaways from the Relentless Rise paper
• Stablecoin usage on BSC and TRON 
• Peter's views on PYUSD
• The emergence of interest-bearing stablecoins 
• How synthetic USD stablecoins might work
• Stablecoin comparisons to the Eurodollar market
• We make some predictions 

Further reading: 

• BH Digital, The Relentless Rise of Stablecoins