C.A.TS - Crypto Asset Talks

Stable coins – crypto assets that are (hopefully) trade at a stable exchange rate against an off-chain asset like the USD – are a popular “risk-off” asset in the crypto space. In this episode, we discuss another important use of stable coins: to allow small companies to execute cross border payments quickly and efficiently. Our guest is Mikko Ohtamaa, co-founder at trading protocol, and he explains to us how his company is using in particular USDC to pay suppliers and employees.

Algorithmic stable coins are the holy grail of decentralized finance – not only do they allow full decentralization, but they also are extremely capital efficient as they do not require any collateral. The downside however is that pure algo coins tend to have a second equilibrium at zero where the protocol is dead and the stable coin holders lost a lot of money. In this episode, we go through the history of algo coins and see what happened to them (spoiler: almost all did not make it).

We are still putting the final touches on our “Cryto Assets Talks” (short: “C.A.TS” podcast that will launch with a series on stable coins which in our view are one of the most important parts of the crypto assets eco system. Of course stable coins also have been in the news quite regularly lately due to the unfortunate events around Terra Luna and UST, so we will discuss Terra.