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Podcast: On The Brink with Castle Island
Episode: Nate Maddrey (Coin Metrics) on the rise of stablecoins
Description: Nate Maddrey, senior research analyst at Coin Metrics, joins the show to discuss a recent report published by CM in collaboration with Bitstamp, The Rise of Stablecoins. We talk through the report and analyse some of the charts in depth. In this episode:Â Why the auditability of public blockchains is so useful for evaluating stablecoins Why fiat backed stablecoins have different price dynamics from 'native crypto collateral' backed ones How the arbitrage growth cycle works for fiat-backed stablecoins What the distribution of ownership and addresses for USDT tells us Liquidity for USDT versus USDC and BUSD Distinguishing stablecoins b...