Stablecoins and the Need for Crypto Today
Mariano Conti, former head of smart contracts of Maker Foundation, joins Sebastian Moonjava, Real Vision associate crypto editor, to discuss real world uses of cryptocurrencies, stablecoins, and the utility of wrapped Bitcoin on top of Ethereum. Conti compares a variety of stablecoin architectures, touches on the importance of stable assets within the defi ecosystem, and explains the “Black Thursday” event that tested the resilience of many stablecoins. Conti also explains what real world adoption of cryptocurrencies look like in places such as Argentina. Filmed on November 5, 2020. Key Learnings: Conti explains the importance of stablecoins for the entire crypto ecosystem. He gives real world examples of the need for stable assets in countries with unstable currencies. Understanding the way crypto is being adopted now can give viewers a stronger understanding of how adoption may happen overtime and why as he describes real world use cases that are being utilized today.