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Are Stablecoins Eurodollars 2.0? Long Reads Sunday
Long Reads Sunday features two essays previously published on CoinDesk that show the trajectory of stablecoins in the global economy in 2020.
Updated Sep 14, 2021, 9:32 a.m. Published Jul 19, 2020, 6:00 p.m.
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Long Reads Sunday features two essays previously published on CoinDesk that show the trajectory of stablecoins in the global economy in 2020.
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This episode is sponsored by Bitstamp and Crypto.com.
On this week’s Long Reads Sunday, we look at two essays about stablecoins previously published on CoinDesk.
The first is called “USD Stablecoins Are Surging, but Zero Interest Rates Complicate Business Model” by Hasu and was one of the first pieces to recognize that demand was coming not just from the crypto space but from emerging markets facing crisis-time currency pressures.
See also: What If the Too-Strong Dollar Is a Solved Problem? Feat. Jon Turek
The second is “Hyper-Stablecoinization: From Eurodollars to Crypto-Dollars” from Pascal Hügli. The piece argues that stablecoins are likely to play an increasingly important role in the global economy. In effect, they are a better version of the critical eurodollar system.
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Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.
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