stablecoins

“Every economy should have a stable coin. The Indian government should issue a stable coin, and then great place to do it with the Aadhaar system.”

“A stable coin is attached to the fiat currency. So it goes down like the fiat currency goes down, and it doesn't give an interest rate. And they're toying around with whether it gives interest rates or not, but there's not a model that I've seen. So, so far it…”

“Banks do fractional reserve. So they've lent out most of the money, and that's partly why they're so heavily regulated. They're doing fractional reserve. So in a stablecoin issuer is a hundred percent reserve. The only risk they're taking is At most a 93 day U…”

“Now we're seeing stable coins just grow like crazy, and it's totally uncorrelated with, so even if the trading markets are down stable coins are growing like three or three or four X per year.”

“An AI agent is going to have a hard time signing up for a credit card at a bank, and you have to show your ID, which, you know, only human beings currently can get this government-issued piece of paper. But an AI agent can spin up a self-custodial crypto walle…”

“I think the introduction of a stable coin in the past, Couple of years, maybe solidifying solidifying US dollar's dominance in a way about RMB is not pushing as hard or as fast into that direction.”