Why Stablecoin Growth Over 5 Years Doubled in 4 Months - Ep.134

Nate Maddrey, senior research analyst at Coin Metrics, discusses a report on the rise of stablecoins over the last few months that Coin Metrics published in conjunction with Bitstamp. He covers: why a stablecoin supply that grew over five years has doubled in the last four months why demand has grown, specifically for Tether, especially after Black Thursday why that demand caused Tether's price to rise above $1 post-Black Thursday why Tether is the most dominant stablecoin how traders were making money off that arbitrage opportunity and why the arbitrage stayed in place so long where Tether is popular why Tether's price goes up when the free float supply is high and why it goes down when the free float supply is low why the stablecoins have varied in their ability to stay stable and how individual stablecoins have reacted which types of users are holding stablecoins and various types of users are doing with it why it is that stablecoins appear to have different median exchange values and why stablecoins have higher velocity than bitcoin and ether Thank you to our sponsors! Crypto.com: https://www.crypto.com Nexo: https://nexo.io Tezos: https://tquorum.com/ Episode links: Nate Maddrey: https://twitter.com/natemaddrey Coin Metrics: https://coinmetrics.io The Rise of Stablecoins report: https://coinmetrics.io/the-rise-of-stablecoins/ Links from news recap: https://unchainedpodcast.com/a-brazen-bitcoin-heist-on-twitter/