The Hidden Costs of USDC | Nathan McCauley & Charles Cascarilla

Bullish:

• $STABLES - Stablecoins are expected to see significant growth and adoption, with large public companies potentially integrating them into their payment systems, forex operations, and treasury strategies.

  • “We will see something equivalent to that notion where it's large, maybe surprising public companies that will decide that a stable coin are an integral part of either the payment systems that they build, the 4 x systems that they use and operate, or maybe even potentially the the, treasury strategy that they look to look to go forward.”

    Charles·1:04:23
• $USDG - Anchorage is actively encouraging clients to switch from USDC to USDG, as it generates more revenue for the company, indicating potential growth for USDG.

  • “We encourage our clients if they if they're into it to change their USDC into USDG. And then it's immediately more revenue for us”

    Charles·48:47

Bearish:

• $ATHENA - Athena is described as a tokenized basis trade rather than a true stablecoin, which may lead to challenges if investors expect it to behave like a traditional stablecoin.

  • “It's not a stablecoin. It's a great, it's a great way to do a basis trade, and I think that's completely reasonable. I think it's very good. Like, you wanna earn, you know, but it's not a dollar stable coin.”

    Nathan·55:54