Are Stablecoins a Threat to National Security?

Phase II – Bankless Onchain [New Mints]
Phase II – Bankless Onchain [New Mints]

Are stablecoins a threat to national security? How should the US government step in?

We brought Timothy Massad, the perfect guest to help us answer these hard questions. He was the Obama appointed chair for the CFTC, the guy who helped designate Bitcoin as a commodity over 10 years ago.

We touch on:

  • The importance of stablecoins.
  • How stablecoins compare to eurodollars.
  • Weather crypto and sanctions can co-exist.
  • A sensible policy for stablecoins.
  • And finally, his thoughts on what happens next.

Timothy brings a whole different perspective from what we’re used to in our crypto bubble. That’s exactly why you should tune into this episode.

TIMESTAMPS

0:00 Intro
3:41 Timothy’s Background
6:38 Security vs Commodity
9:54 Stablecoin First Impressions
18:49 The Importance of Stablecoins
25:34 History of the Eurodollar
35:54 Economic Sanctions
44:55 Stablecoins and Sanctions
1:03:38 A Stablecoin Future
1:08:16 A CBDC Future
1:13:27 What about Privacy?
1:15:37 The Role of the Dollar
1:17:57 Stablecoins Abroad
1:20:22 Predictions
1:22:49 Closing & Disclaimers

RESOURCES

Timothy Massad
https://x.com/timmassad

Stablecoins and National Security by Timothy Massad
https://www.brookings.edu/articles/stablecoins-and-national-security-learning-the-lessons-of-eurodollars/

Five Perspectives on Stablecoins by Nic Carter
https://medium.com/@nic__carter/five-perspectives-on-stablecoins-5bc20076270a