Nic Carter joins us to discuss how digitized dollars are crypto's killer use case. We explore predictions for stablecoins, what people get wrong about Tether, US regulation, why L1 networks over-index on scarcity, crypto's most over/underrated sectors and more! Nic is a crypto OG, prolific writer and investor. You don't want to miss this one!

- -

Timestamps

(00:00) Introduction

(00:34) Stablecoins: Crypto Is All About Moving Dollars

(08:58) Terra’s Failed Attempt to Leverage BTC

(10:29) Delta-Neutral Stablecoins

(14:59) Tether Haters Were Wrong

(20:00) The State of US Stablecoin Regulation

(27:33) Jito Mid-Roll

(28:37) Permissionless Plug

(20:00) The State of US Stablecoin Regulation

(29:37) How Stables Impact the Value of L1 Tokens

(34:42) Why Crypto Has Become a Religion

(40:48) We’ve Overindexed on the Scarcity Features of L1 Networks

(44:44) The Value of Composability

(50:33) Crypto’s Most Overrated/Underrated Sectors

(56:33) 4 Stablecoin Predictions

(59:34) Rapid Fire

- -

This episode is brought to you by Jito.

Jito is the easiest way to earn MEV rewards on Solana with liquid staking. Stake your SOL with Jito to start earning high yield powered by MEV and access instant liquidity through Jito’s liquid staking token JitoSOL so that you can use your staked assets across Solana DeFi. Visit jito.network to get started today!

- -

Follow Nic: https://twitter.com/nic__carter

Follow Mert: https://twitter.com/0xMert_

Follow Garrett: https://twitter.com/GarrettHarper_

Follow Lightspeed: https://twitter.com/Lightspeedpodhq

Subscribe on YouTube: https://bit.ly/43o3Syk

Subscribe on Apple: https://apple.co/3OhiXgV

Subscribe on Spotify: https://spoti.fi/3OkF7PD

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

- -

Use code LIGHTSPEED30 to get 30% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023

- -

Resources

Jito

jito.network

Nic Carter's Website

https://niccarter.info/

- - 

Disclaimers:

Lightspeed was kickstarted by a grant from the Solana Foundation.

Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mert, Garrett and our guests may hold positions in the companies, funds, or projects discussed.