In this episode of Chopping Block, Haseeb, Tarun, and Tom are joined by Gordon Liao, Circle's chief economist, to discuss stablecoin chains, focusing on Circle's Arc and the recently announced Tempo by Paradigm and Stripe. The panel explores the potential of stablecoin-native chains, comparing Arc and Tempo's features like stablecoin gas fees, FX capabilities, and privacy options. They debate the viability of non-USD stablecoins, the importance of liquidity and regulatory compliance, and the evolving dynamics of stablecoin adoption, including the trend of chains bargaining with stablecoin issuers. The conversation touches on the challenges of launching new stablecoins, the network effects of established ones like USDC and Tether, and the potential for niche stablecoins to emerge in specific ecosystems.
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