Why Every Chain Suddenly Wants Its OWN Stablecoin - The Chopping Block

In this episode of the Chopping Block podcast, Haseeb, Tarun, and Tom are joined by Gordon Liao, Circle's chief economist, to discuss stablecoin chains, focusing on ARK (Circle's layer one blockchain) and Tempo (Paradigm and Stripe's collaborative layer one blockchain). The panel debates the significance of FX in stablecoins, the potential for non-USD stablecoins, and the evolving dynamics between stablecoin issuers and chains, including the recent Circle x HyperLiquid partnership. They also explore the challenges of launching and scaling stablecoins, the role of regulation, and the potential for new stablecoin models to emerge, with a nod to the network effects and user-driven adoption in the stablecoin market.