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Podcast: The Peter McCormack Show
Episode: The Role of Stablecoins with Jeremy Allaire - WBD216
Description: Location: Zoom Date: Friday, 10th April Project: Circle Role: CEO & Founder By complementing Bitcoin trading, and making it easy to send digital dollars around the world, stablecoins continue to grow in popularity. Commercial banks operate on a fractional basis, holding only a small % of deposits. During challenging economic times, this can lead to what is known as a run on the bank, where depositors attempt to withdraw their funds. Unlike fractionally reserved banks, some stablecoins claim to be fully backed, meaning (for example) that for every 1 USDC, GUSD or USDT...