E23 - Will Remor on Stablecoins

Will Remor is a former quantitative risk analysist from traditional banking that got into stablecoins via the maker DAI project. He's consulted on a number of finance, stablecoin, and defi protocols, including New Zealand's newest stablecoin the NZDD, and has been involved with asset tokenization (or RWAs) from the early days. In this conversation Will takes us through some of the key differences between USDC, Tether, and DAI. We talk about some of the prominent depegging events affecting USDC when Silicon Valley Bank collapsed and who remembers 20% yield in Anchor and the Terra-Luna death spiral. Timestamps: 00:00 intro 01:15 background in finance 03:19 open banking 06:00 2017-era crypto   11:49 what's a stablecoin? 16:55 circle 19:07 tether  21:50 DAI & maker 27:30 NZDD 35:36 mechanics 39:49 stay pegged 44:11 USDC depegs 53:23 UST Terra/Luna 58:46 tokenizing real world assets 1:14:10 opening markets 1:17:20 rapid fire 1:26:20 fin Some notes from the show: tZero ETHLend history Paul Salisbury from Everlasting Janine Grainger from EasyCrypto Stables by marketcap  Circle winds down consortium  USDC SVB depeg  TrueUSD arbitrage  Contact Will: LinkedIn Find Jeff: X/Twitter LinkedIn  The BCNZ Pod: Website https://podcast.blockchain.org.nz/ YouTube  Apple Podcasts Google Podcasts Spotify  iHeartRadio  Media & Sponsorship Enquires: team@blockchain.org.nz  Recorded at blockheight 828304. The BCNZ podcast was founded in 2022 by Jeff Nijsse and Bryan Ventura.