Episode Eight features Kory Hoang from Stably, the company that has created StableUSD. In this podcast, Nye and Kory discuss the importance of Stable coins in the cryptocurrency ecosystem and how they can play a role in the future of banking.
Kory tells us a little about the different categories for stable coins, how they bring in revenue, and why it is important to have way more than just one stable coin in the crypto atmosphere. He also speaks a little bit about his past experience working in banking and how he learned a lot about the possibilities of cryptocurrency from working in that industry.
Also, Kory and Nye discuss a little bit about Tether and the situation that occurred back in 2017 when Tether reportedly printed more coins in order to pump the price of Bitcoin and cash in big. Kory then talks about this being the reason why more than one stable coin is necessary for the ecosystem and how the free market will decide which ones stay and which ones go.