Welcome to Opinionated, a new podcast featuring CoinDesk’s leading columnists and contributors.
I’m your host, Ben Schiller, CoinDesk’s opinion editor.
On this week’s show, we’re joined by Nic Carter, cofounder of Coin Metrics and partner at Castle Island Ventures.
Nic discusses this year’s $20 billion surge in USD-backed stablecoins (what he calls “crypto-dollars”) and the potentially enormous implications of an offshore dollarization system based on blockchain.
Fiat-backed stablecoins are “not what Satoshi intended,” Carter says, but their “preposterous” growth this year is the “the most important phenomenon in the industry.”
“It not only tells us about the maturation of the crypto financial infrastructure. It also tells us a lot about current geopolitics, too,” he says.
Nic has written two op-eds for CoinDesk about crypto-dollars:
U.S….