About this episode

The episode discusses the implications of Open Standard USD, the end of USDT trading in Europe, and philosophical insights on democratizing access in specialized fields.

Demetrick, Dr. Corey Petty, and Jesse are back for an episode where the regulated players finish moving in and the outsiders start getting shown the door. BlackRock, Google, Visa, Stripe, MasterCard, Coinbase, and DBS just announced Open Standard USD. It is called open the same way OpenAI is called open. The reserve yield goes to the participating institutions instead of holders, minting and redemption fees get scrapped, and governance sits under a company collectively owned by the biggest financial players on the planet. The guys break down what happens when the payment rails, the asset managers, and the ad tech giants all agree on the same stablecoin at the same time. Meanwhile Tether is done in Europe. USDT trading pairs are gone from Coinbase, Kraken, Binance, and Crypto.com in the EEA because Tether refused to seek MiCA e-money authorization. Demetrick reveals he has an open short on Tether somewhere on the internet and would very much like to find it. The guys also cover the ENS drama that turned out not to be drama at all when the king of the castle stepped in and killed the privacy committee vote from the top. Plus Michael Saylor selling more Bitcoin, and the theory that…

People in this episode

Hosts: Demetrick Ferguson, Dr. Corey Petty, Jesse Santiago

Topics covered

• Open Standard USD
• Tether
• ENS drama
• stablecoin
• financial institutions
• Bitcoin
• democratizing access

Keywords

• Open Standard USD
• Tether
• stablecoin
• ENS
• Bitcoin
• financial institutions
• democratization
• Michael Saylor

Mentioned in this episode

Organizations: BlackRock, Google, Visa, Stripe, MasterCard, Coinbase, DBS, Tether, Kraken, Binance

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