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#877 The $10 Billion Bitcoin Bet On Stablecoins
The Pomp Podcast
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#877 The $10 Billion Bitcoin Bet On Stablecoins
The Pomp Podcast
Go to Podcast Page
Anthony Pompliano
·
11 Clips
·
Mar 22, 2022
#877 The $10 Billion Bitcoin Bet On Stablecoins
The Pomp Podcast
0 Clips
·
Mar 22, 2022
Top Moments
Terra's move to back UST with Bitcoin is worth paying attention to. There are lots of risks, but if they are successful in pulling this off, then they will be creating a playbook for other stable coins and/or central banks to follow. Bitcoin is a decentralized digital currency that has successfully achieved the properties necessary to serve as superior collateral. As more people recognize this achievement, I would anticipate many other assets to adopt the Bitcoin
standard.
Terra Is Pioneering the Idea of Bitcoin-Backed Currencies
A simple framework to evaluate LUNA is that the more Terra is used, the more LUNA is
worth.
Terra (UST) Is a Rapidly Growing Stable Coin; LUNA Is Its Staking Token
The stable coin at the heart of this ecosystem, Terra USD, or UST as it's known, sits at more than $15B in market cap. This is the fourth largest stable coin in the market behind Tether, USDC, and Binance
USD.
Terra (UST) Is a Rapidly Growing Stable Coin; LUNA Is Its Staking Token
There's approximately $100M to $200M of new demand for UST per
day.
Terra (UST) Is a Rapidly Growing Stable Coin; LUNA Is Its Staking Token
Intros & Ads
Pomp Intro
AD: LMAX Digital
AD: Eight Sleep
AD: OKX
Disclaimer
Clips
1
Ryan Clements Argues Algorithmic Stable Coins Are Fundamentally Flawed
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2
Terra (UST) Is a Rapidly Growing Stable Coin; LUNA Is Its Staking Token
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3
Terra Is Becoming a Bitcoin-Backed Stable Coin; Here's Why This Is Bullish for Bitcoin
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4
Terra Is Pioneering the Idea of Bitcoin-Backed Currencies
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5
Pomp Outro (Part I)
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6
Pomp Outro (Part II)
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Transcripts
View Full Episode Transcript
Clips
Pomp Intro
AD: LMAX Digital
AD: Eight Sleep
AD: OKX
Disclaimer
Ryan Clements Argues Algorithmic Stable Coins Are Fundamentally Flawed
Terra (UST) Is a Rapidly Growing Stable Coin; LUNA Is Its Staking Token
Terra Is Becoming a Bitcoin-Backed Stable Coin; Here's Why This Is Bullish for Bitcoin
Terra Is Pioneering the Idea of Bitcoin-Backed Currencies
Pomp Outro (Part I)
Pomp Outro (Part II)
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