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Total stable coin value just hit $150 billion up from $20 billion a year ago ( Tether + USDC + BUSD + TUSD + DAI). stable coins are going to be a huge game-changer and will trigger a new gold rush in modern 'banking ' #stablecoin #newgoldrush #ecoin
Time for a 🧵
Time for a 🧵
Unlike cryptos like Bitcoin or Ethereum which are highly volatile, Stable coins like USDT, USDC are pegged to the value of the U.S dollar, which offers friction-free dollar payments.
Up until now, Stable coins are primarily used by arbitrage traders to extract arbitrage opportunities across various crypto exchanges.
In the recent past however stable coins are being increasingly used for remittances across different countries like Lebanon, Nigeria etc.
In the recent past however stable coins are being increasingly used for remittances across different countries like Lebanon, Nigeria etc.
I was recently asked about the warnings of an impending recession. Here are some thoughts. First of all, an inverted yield curve is effect, not cause. Like all other indicators, it shows lack of positive sentiment in investors in the bond market.
A combination of events both in the near term (US China trade wars) and long term (decline in consumption) have deterred money from flowing. It is a mood thing, difficult to predict exactly why....Don't like Facebook's intrusion? Distressed by Nationalist leaders? They all count.
Like all else, there are free market elements that want to maximize their position in the situation. For example, in India the automobile sector blames all their shortcomings on this "mood". Can't help it, they say. Bail us out.
