00:00 Speaker A
Let's talk about stable coins. It is a growing angle of crypto that attracts the attention of both supervisors and investors. Many are linked to the US dollar one on one and behave like a digital version of cash that lives on the blockchain. Unlike Bitcoin with his volatile swings in both directions, stable coins are designed to do one thing, keep their value stable. And that stability makes them useful, not only for crypto traders, but for payments, transfers, even savings. They are also tested by central banks and fintech companies as a potential basis for a new era of faster, more efficient global payments, but they are not without risks. Trust depends on what supports them, usually cash and American treasuries and the credibility of the issuer. Tether and Circle of Two are two of the largest companies in this space, both of which issue their own stable coins. And as this space grows, stable coins can play a central role in shaping the future of digital money, as long as trust, transparency and regulation can keep track of.
