Sponsored Session: Stablecoins, Then and Now
Sponsored Session with Will Price and Avi Meyers of Flipside Crypto explores the various types of stable coins and what keeps their price pegged to fiat.
The takeaway? New technologies have created opportunities to stablecoins tracked to various stores of value, not just dollars.
"There's no reason that stable coins need to be tied to a dollar," said Will Price. "And in fact, given that the Federal Reserve is conducting an unprecedented expansion of the monetary supply, you can see the compelling alternative presented by an asset that tracks the prices gold, which has been a store of value for thousands of years and has a much more limited supply. And that supply is much less subject to the capriciousness of central banking managers."