Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden’s administration.
Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden’s administration.
It’s one of the biggest thefts in history. More than $4 billion from Malaysian’s state-owned investment fund was siphoned off and the money spent on items including a private jet, a super-yacht, mansions and even Hollywood movie The Wolf of Wall Street.
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Talking about the future of stablecoins
Jeremy Allaire
Joe Weisenthal and
Tracy Alloway
Listen to Odd Lots on Apple Podcasts
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In theory, what gets people most excited about crypto is lines going straight up. But one of the biggest successes in crypto is the rise of stablecoins. Basically, stablecoins allow people to hold dollar-linked assets directly on the blockchain. This is potentially important for P2P payments, trading, cross-exchange arbitrage and more. But by holding actual money, the big stablecoin issuers potentially have a massive amount of power in a space that's supposed to be all about decentralization. On this episode, we speak with Jeremy Allaire, the CEO of Circle, which issues the USDC stablecoin. We talked about regulation, the business model of stablecoins, and the influence he has within the broader ecosystem.
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