Balaji: Markets Will Split Between US-Regulated and Global Products
Balaji Srinivasan · Weekend Special: Elon Recap, Balaji, Chris Dixon, Brian Armstrong, Crypto Day + Thiel Fellows · May 31, 2025 · at 27:59
Balaji Srinivasan (investor and former Coinbase CTO) analyzes the parallel divergence of USDC versus USDT and Coinbase versus offshore exchanges.
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“And the space is partitioned in an interesting way, and I think many other things will partition this way into like a US and a global, right? Like the USDC coin or the USDC asset is like US regulated, and then USDT is like intentionally non-US regulated, right? Sort of like there's like Coinbase and there's like global exchanges and so and so forth. I think that'll be a common partitioning of many kinds of markets.”
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