Unconfirmed

Why Stablecoin Growth Over 5 Years Doubled in 4 Months - Ep.134

07.17.2020 - By Laura ShinPlay

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Nate Maddrey, senior research analyst at Coin Metrics, discusses a report on the rise of stablecoins over the last few months that Coin Metrics published in conjunction with Bitstamp. He covers: 

why a stablecoin supply that grew over five years has doubled in the last four months 

why demand has grown, specifically for Tether, especially after Black Thursday

why that demand caused Tether's price to rise above $1 post-Black Thursday

why Tether is the most dominant stablecoin

how traders were making money off that arbitrage opportunity and why the arbitrage stayed in place so long

where Tether is popular

why Tether's price goes up when the free float supply is high and why it goes down when the free float supply is low

why the stablecoins have varied in their ability to stay stable and how individual stablecoins have reacted

which types of users are holding stablecoins and various types of users are doing with it

why it is that stablecoins appear to have different median exchange values

and why stablecoins have higher velocity than bitcoin and ether

Thank you to our sponsors! 

Crypto.com: https://www.crypto.com

Nexo: https://nexo.io

Tezos: https://tquorum.com/

 

Episode links: 

Nate Maddrey: https://twitter.com/natemaddrey

Coin Metrics: https://coinmetrics.io

The Rise of Stablecoins report: https://coinmetrics.io/the-rise-of-stablecoins/

 

Links from news recap:

https://unchainedpodcast.com/a-brazen-bitcoin-heist-on-twitter/

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