Nate Maddrey, senior analysis analyst at Coin Metrics, discusses a report on the rise of stablecoins over the previous few months that Coin Metrics printed along with 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 brought about Tether’s worth to rise above $1 post-Black Thursday
why Tether is essentially the most dominant stablecoin
how merchants have been getting cash 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 different of their potential 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 larger velocity than bitcoin and ether
Thanks to our sponsors!
Crypto.com: https://www.crypto.com
Nexo: https://nexo.io
Tezos: https://tquorum.com/
Episode hyperlinks:
Nate Maddrey: https://twitter.com/natemaddrey
Coin Metrics: https://coinmetrics.io
The Rise of Stablecoins report: https://coinmetrics.io/the-rise-of-stablecoins/
Hyperlinks from information recap:
https://unchainedpodcast.com/a-brazen-bitcoin-heist-on-twitter/
