All Things Crypto

ATC quote · Jun 18, 2024 · 0:52:03

“Don't forget about USDH. It's not Bitcoin backed, but it's still... It's a synthetic, but they're still taking an open an open long and an open short position on Bitcoin. So, like, you're locking…”

Dave @DCBK2LA

From ATC: DAVE & KOOL TALK ALL THINGS CRYPTO, Jun 18, 2024 · Episode page

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0:50:03 Enjo 🥷🏽 (🌋,🌋) @enjoywithouthey: Yo. No. To to, man. That was awesome. It's segway. I I just wanna give a quick shout to a different protocol, but, you know, the thing that's gonna be interesting to watch with Roon's, is anything still on the on the layer one? Like, the NUSD, it's it's... The innovation of Bitcoin's awesome, but, you know, how does that scale? You know, when when you're still paying, it's still 10... It's still gonna be ten minute…

0:52:03 Dave @DCBK2LA: Don't forget about USDH. It's not Bitcoin backed, but it's still... It's a synthetic, but they're still taking an open an open long and an open short position on Bitcoin. So, like, you're locking in, like, a value. So, technically, not bad, and it's yield bearing, Ro. So shout out to the Hermetica dudes on USDH. That's a a a stable coin that you... That that you can actually earn yield on. That shit is crazy.

0:52:26 Enjo 🥷🏽 (🌋,🌋) @enjoywithouthey: Yep. Yep. So that's that's that's what we're gonna see, man. Bitcoin back, you know, that's what USDA is is going after. And, you know, we saw the first steps of that with with, stake stacks, liquid stake stacks, and now we're gonna see once s b t... SBTC inflows come in, there's a bunch of capital. It'll probably be super capital inefficient for a while, but that's a big game changer coming down the coming down…

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