ATC quote · Jul 1, 2024 · 0:30:42
“So it's it's actually... It's pretty huge for Circle. So Circle's always been number two, and it's it's pretty huge. It basically gives them the opportunity to be the number one stablecoin. It's…”
ALEX DAMSKER @AlexDamsker (speaker unconfirmed)
From ATC: DAVE & KOOL TALK ALL THINGS CRYPTO, Jul 1, 2024 · Episode page

In context
0:30:23 Dave @DCBK2LA (speaker unconfirmed): Yeah. I was gonna say, so what... So the USD... So the USDC now being able to issue these stable... Like, to be able to issue stablecoins across Europe, I guess, what is... What kind of an effect does that have now? Like, are we talking about more, like, I guess I guess, oversight or working together now, I guess, like, to what you just said?
0:30:42 ALEX DAMSKER @AlexDamsker (speaker unconfirmed): So it's it's actually... It's pretty huge for Circle. So Circle's always been number two, and it's it's pretty huge. It basically gives them the opportunity to be the number one stablecoin. It's going to allow them to basically have access to the banking system. And for people to move in and out using stablecoins alongside fiat systems. That's actually the beginning of having an alternate system to fiat, which is…
0:32:52 Dave @DCBK2LA (speaker unconfirmed): That's what? But wait. Quick Grace. But wait. Quick question. So I know you mentioned USDT and USDC. There's a really big gap here. USDC's got a market cap of, like, almost 33,000,000, 33,000,000,000. Excuse me. And USDT is about a 113,000,000,000. That's a big gap to close. But I guess when you have the entire European Union at your disposal and you have that first mover, I guess, is it really that hard, Alex?…
Show discussion only, not financial advice. Transcripts are auto-generated.
