Circle is losing the stablecoin war to Tether (feat. Leo Schwartz) - Episode 129

Cas Piancey and ‪@bennettftomlin‬ are joined by Leo Schwartz to discuss his recent coverage of the evolution of Circle, USDC, and what it means for stablecoins.
This video was recorded on September 11th, 2023.
Read more: cryptocriticsc...
Additional episodes mentioned in this episode:
Playlist of videos about Tether
• Tether and Bitfinex
Episode 119 - Binance and Coinbase Sued by the SEC (feat. Dirty Bubble Media)
• Binance and Coinbase S...
Episode 116 - The FDIC, Infinite Insurance, and Moral Hazards (feat. Rohan Grey)
• How To Insure All Bank...
Episode 126 - They May Be All-In, But We’re Out
• All-In? We’re out: Why...
Episode 111 - Silvergategate: The unbanking of Silvergate Bank
• Silvergategate: The un...
Episode 6 - Crypto Capital Corp: the quiet billion dollar cryptocurrency scam
• Crypto Capital Corp: t...
Episode 1 - Tether: A Stable Discussion
• Tether: A Stable Discu...
Episode 21 - Bitcoin
• Bitcoin (Audio Only) -...
Episode 71 - Terra, Luna, and Algorithmic Stablecoins
• Terra, Luna, and Algor...
Episode 72 - We Never Want to Discuss Terra and Luna Again…and yet
• Luna and Terra are Cra...
Episode 94 - A Tale of Two Ponzis: Celsius and Luna, Alex Mashinsky and Do Kwon
• A Tale of Two Ponzis: ...
Episode 35 - Stablecoins will Fork your Chain if they Want to Fork
• Stablecoins will Fork ...
Episode 90 - Draconian Financial Regulation and the Argument for Tether (feat. Boaz Sobrada)
• An Argument for Tether...
Episode 127 - Let’s talk about Number Go Up with Zeke Faux
• Let's talk about Numbe...
Additional resources:
Leo's article about Circle
fortune.com/cr...
Bennett reacts to Prometheum CEO on Unchained
www.youtube.co...
Bennett reacts to Prometheum CEO at Congress
www.youtube.co...
Bennett's newsletter about Prometheum
mailchi.mp/1f6...
Other places to find Crypto Critics' Corner
Website: cryptocriticsc...
Discord: / discord
Bluesky: bsky.app/profi...
Mastodon: mstdn.social/@...
Twitter: / cryptocriticpod
Instagram: / cryptocriticpod
TikTok: vm.tiktok.com/...
Bennett's KZbin: ‪@bennettftomlin‬
Bennett's D&D KZbin: ‪@BTDND‬
Bennett's BlueSky: bsky.app/profi...
Cas' BlueSky: bsky.app/profi...
Bennett's Mastodon: mstdn.social/@...
Bennett's Twitter: / bennetttomlin
Cas' Twitter: / caspiancey
Bennett's Newsletter: TheFUDLetter.com/
Cas' Blog: / thecaspiancey
Bennett's Blog: bennettftomlin...
Timestamps:
#crypto #cryptocurrency #podcasts #listenable #circle

[@andyuhe]

I love this podcast. When I look for "crypto debate" videos it's always some slapfight like: which is better, Algorand or Cardano?! I'm bullish on CasCoin.

[@NoNameAvailable23]

Hodling that CasCoin moonbag!

[@coffeemakir1977]

If you look at graphs CasCoin has had slow but steady growth and might take the market

[@EgoTheBoer]

CasCoin is the future of finance and will revolutionise the way we interact with money

[@anon1231]

Wtf is cascoin

[@anon1231]

Okey casino.... c'mon.. stack btc and eth.

[@johnobrian566]

You know Cas isn't dipping in to the CasCoin reserves because he would have gotten a better webcam.

[@SkipperMarch]

Plot twist: he embezzled the whole reserve and this was the best he could do.

[@richardlivings8640]

Top notch discussion. Almost all of the most rational and fact based examinations of crypto I’ve found on KZbin are on this channel.

[@purplepurrpurrin]

I for one am excited for the future of CasCoin with this recent announcement of Burrito as the new CEO.

[@LostSnipeHunter]

Why would we want out money back from CasCoin? It is going to the moon and have you seen the yield we're getting?! I prefer Hairballcoin over the Littercoin protocol myself but the latter is tempting for long term stability (its the regulator risk that gets me) great episode BTW.

[@yu-weiwang6002]

Since Tether has never been audited, does the claimed 85 billions or so really exist? While we can be quite sure that Circle is losing market cap, can we be as sure that Tether is gaining market cap?

[@back2d_lobby]

Its obviously mostly backed by bitcoin.

[@susan_beaver]

Great episode again!

[@stinne5830]

leaving a comment and like only because cas asked for it

[@FailMachineInc]

thanks guys

[@Avenue_ad_Astra]

Thank you for the informative discussion!

[@blockchainbreakdown2009]

Comment for the Algo.

[@blockchainbreakdown2009]

But still waiting on the Cascoin Airdrop...Any word on the blackrock partnership issuing 500% APY? lol

[@fakename1656]

Replying for the algo

[@REEEEDACTED]

plz make merch ily guys

[@CryptoCriticPod]

We’ve thought about it but encountered two problems: - print on demand merch samples we got are bad quality, and we don’t have the scale/resources to do our own fulfillment - we don’t know what to make

[@Katherine-ct5mc]

crypto merch to start conversations about cascoin! And maybe stuff mocking the competition.

[@REEEEDACTED]

@@CryptoCriticPodstickers could be cool/easy!

[@David_Lloyd-Jones]

Didn't anybody think "Silicon Valley Bank" sounded self-satirical?

[@luluweb3904]

i guess everyone forgot the time that USDC depegged 💁‍♀

[@brettferguson3815]

USDC is expanding to more and more ecosystems and blockchains yet they can't even prove that their reserves exist. Circle is just desperate to bring more customers into USDC because they've been a huge failure lately.

[@lug.5329]

Why is everything in crypto seem to be all shady af?

[@David_Lloyd-Jones]

You understand that "crypto" means "false," I assume?

[@lug.5329]

@@David_Lloyd-Jones nope, this part is from cryptography. Cryptocurrency is a blend of two words like motel. Who are you to assume anything?

[@IsleyNumber1]

I am starting to get worried. What if Bennett isn't the non-criminal sort of partner-in-crime? 🫣🫣🫣