Analyst Hour: Michael Li on Stablecoins

<p dir="ltr">P.S You can find our full report on stablecoins at <a href="https://bit.ly/3AtuuCl">https://bit.ly/3AtuuCl</a></p> <p dir="ltr"> </p> <p dir="ltr">Stablecoins, as the name suggests, were thought to be stable - that is, until the recent USDC depeg drama where the supposedly rock-solid stablecoin traded from one dollar to eighty five cents as one of the major custodial banks went under</p> <p dir="ltr"> </p> <p dir="ltr">Can we still trust major stablecoins like USDC or USDT? If not, what are some alternatives?</p> <p dir="ltr"> </p> <p dir="ltr">In this episode, Michael who wrote a 20-page research article on stablecoins for our Blockcrunch VIP subscriber breaks down for us</p> <ul> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">Issues with current stablecoins</p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">Up and coming decentralized stablecoins</p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">Relevance of stablecoins in 2030</p> </li> </ul> <p> </p> <p dir="ltr">Host: Jason Choi @mrjasonchoi . Not financial advice.</p> <p dir="ltr">  </p> <p dir="ltr"> </p> <p dir="ltr">Timestamps:</p> <p dir="ltr">(00:00:00) – Introduction to Spencer</p> <p dir="ltr">(00:03:30) – What are stablecoins</p> <p dir="ltr">(00:07:11) – Different types of stablecoins</p> <p dir="ltr">(00:14:59) – Commentary on Liquity Protocol </p> <p dir="ltr">(00:17:52) – Frax vs Liquity</p> <p dir="ltr">(00:19:53) – Dominance of USDT & USDC</p> <p dir="ltr">(00:24:22) – Path to decentralization </p> <p dir="ltr">(00:27:51) – Gyroscope stablecoin</p> <p dir="ltr">(00:31:27) – Aave’s GHO & Curve’s crvUSD</p> <p dir="ltr">(00:35:24) – Relevance of stablecoins in the future</p> <p dir="ltr"> </p> <p dir="ltr"> </p> <p dir="ltr">Sponsor message:</p> <p dir="ltr">Filecoin is enabling open services for data, built on top of IPFS.</p> <p dir="ltr"> </p> <p dir="ltr">Today, Filecoin focuses primarily on storage as an open service, but looks to build the infrastructure to store, di