Nate Maddrey, senior analysis analyst at Coin Metrics, discusses a report on the rise of stablecoins over the previous couple of months that Coin Metrics revealed along side Bitstamp. He covers: 

  • why a stablecoin provide that grew over 5 years has doubled within the final 4 months 
  • why demand has grown, particularly for Tether, particularly after Black Thursday
  • why that demand prompted Tether’s worth to rise above $1 post-Black Thursday
  • why Tether is probably the most dominant stablecoin
  • how merchants had been creating wealth off that arbitrage alternative and why the arbitrage stayed in place so lengthy
  • the place Tether is common
  • why Tether’s worth goes up when the free float provide is excessive and why it goes down when the free float provide is low
  • why the stablecoins have assorted of their skill to remain secure and the way particular person stablecoins have reacted
  • which forms of customers are holding stablecoins and varied forms of customers are doing with it
  • why it’s that stablecoins seem to have completely different median trade values
  • and why stablecoins have greater velocity than bitcoin and ether

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Episode hyperlinks: 

Nate Maddrey:

Coin Metrics:

The Rise of Stablecoins report:

Hyperlinks from information recap:

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