Business
In this episode of CoinList Chats, Andy Bromberg and Nic Carter, Partner at Castle Island Ventures, explore the history of stablecoins, their different models, how they’ve impacted crypto today, and what their future looks like. Stablecoins are not a new idea–in fact, they predate Bitcoin. E-gold and Liberty Reserve both attempted to create sovereign, digital currencies indexed to stable assets before being shut down by regulators in the early 2010s. While Liberty Reserve and e-gold faltered, the demand for a sovereign, digital currency indexed to a stable asset has not. Stablecoins, in their modern iterations, have become an important part of crypto and could expand the ecosystem as a whole; in the past week, it was reported that there is more value being transferred via stablecoins on top of Ethereum than the value being transferred with ETH itself. Are current implementations of stablecoins doomed to the same fate as Liberty Reserve and e-gold or has their time finally come? Resources / Links: CoinList: https://coinlist.co/ CoinList Trade: https://coinlist.co/trade Andy Bromberg: https://twitter.com/andy_bromberg Nic Carter: https://twitter.com/nic__carter Legal disclaimer: This presentation is being distributed by Amalgamated Token Services Inc., dba “CoinList,” for informational purposes and expresses the opinions of the speakers only and not necessarily those of CoinList. CoinList operates four separate and distinct legal entities: CoinList Markets LLC (“CLM”), a licensed money services business (NMLS #1785867), CoinList Services LLC (“CLS”), a technology company that offers compliance and technology infrastructure solutions for token issuers, EC Securities LLC (“EC Securities”), a registered broker-dealer, and member FINRA/SIPC, and CoinList Lend LLC, a commercial lending platform for cryptocurrencies. Neither CoinList nor any of its affiliates provides legal, banking or tax services; consult your own advisors. Nothing in this presentation shall constitute or be construed as an offering of securities or as investment advice, tax advice or investment recommendations (i.e., recommendations as to whether to enter or not to enter into any transaction involving any specific interest or interests) by CoinList, or any of its affiliates or a recommendation as to an investment or other strategy. Digital currency indexed to a stable asset (or assets) are not legal tender, is not backed by the government, and accounts and value balances are not subject to Federal Deposit Insurance Corporation or Securities Investor Protection Corporation protections. CoinList does not receive compensation for publishing, giving publicity to, or circulating notices or communications that describe securities. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts and may be “forward looking statements.” The information and opinions contained in this presentation are subject to change without notice. Use of the CoinList website and our related products is subject to the terms available at coinlist.co/terms.