Are Stablecoins Eurodollars 2.0? Long Reads Sunday

<p><span style="font-weight: 400;">On this week’s Long Reads Sunday, we look at two essays about stablecoins previously published on CoinDesk. </span></p> <p><span style="font-weight: 400;">The first is called <a href= "https://www.coindesk.com/usd-stablecoins-are-surging-but-zero-interest-rates-complicate-business-model"> “USD Stablecoins Are Surging, but Zero Interest Rates Complicate Business Model”</a> by Hasu and was one of the first pieces to recognize that demand was coming not just from the crypto space but from emerging markets facing crisis time currency pressures. </span></p> <p><span style="font-weight: 400;">The second is <a href= "https://www.coindesk.com/hyper-stablecoinization-from-eurodollars-to-crypto-dollars"> “Hyper-Stablecoinization: From Eurodollars to Crypto-Dollars”</a> from Pascal Hügli. The piece argues that stablecoins are likely to play an increasingly important role in the global economy. In effect, they are a better version of the critical eurodollar system.</span></p>