The most interesting cryptocurrencies may be the ones that are only ever expected to be worth $1. Terra UST's failure to clear that low bar was the first domino to fall in the crypto winter of 2022. But stablecoins remain central in crypto's ambitions to become a mainstream alternative to traditional finance. Will there be one stablecoin to rule them all? Or will a thousand stables bloom in a new era of wildcat banking? Examining the various flavours of stablecoin on offer is crucial to understanding both the current state of crypto and its potential as a financial system.
Byron Gilliam is the Markets Strategist at Blockworks, a crypto media company. He writes a daily newsletter which attempts to translate crypto for traditional finance types and traditional finance for crypto types. Prior to Blockworks, he traded global equities out of Frankfurt, London, Paris and New York for a number of investment banks and brokers. Byron holds an undergraduate degree in history from Binghamton University and an advanced degree in Hard Knocks from 20+ years of trading.
Wednesday, 09 November 2022
16:00 - 16:45 GMT
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