ATC quote · Jul 1, 2024 · 0:35:52
“And overall, though, correct me if I'm wrong, wouldn't this be huge for crypto? Because it's... Isn't stablecoin a gateway for, like, the crypto verse, so to speak?”
NatNat @Natnatx007 (speaker unconfirmed)
From ATC: DAVE & KOOL TALK ALL THINGS CRYPTO, Jul 1, 2024 · Episode page

In context
0:35:11 ALEX DAMSKER @AlexDamsker (speaker unconfirmed): I mean... And that was that was such a fake transaction too. That was like, give me your USDC. Right? And it's not like cash out your USDC. Give me a dollar, and I'll give you a, you know, a BUSD. Right? Which would be every BUSD is now backed by a dollar. This is give me your USDC, and I'll give you my minted, you know, BUSD. We have no idea if they sold those those Circle coins or what they did with them or…
0:35:52 NatNat @Natnatx007 (speaker unconfirmed): And overall, though, correct me if I'm wrong, wouldn't this be huge for crypto? Because it's... Isn't stablecoin a gateway for, like, the crypto verse, so to speak?
0:36:03 ALEX DAMSKER @AlexDamsker (speaker unconfirmed): Totally. And that's actually how Tether became big was because, remember, people couldn't buy Bitcoin originally. And, in, Bitfinex, that was one of the first gateways where you could buy Tether. And from Tether, you could buy bitcoin. And that was how Tether became the signal or an early signal for the price of Bitcoin. But... And it it generally is it's one of the easiest ways to get into a a crypto purchase.
Show discussion only, not financial advice. Transcripts are auto-generated.
