Maria Shen is a General Partner and Sanjay Shah is in Research at Electric Capital. In this episode, we break down Electric Capital's latest report on how the growth of stablecoins drives demand for ETH. We unpack why Ethereum the network is best positioned to serve global demand for stablecoins, its current dominance in stablecoin liquidity, how ETH’s status as a reserve asset and store of value is accelerating with demand for stablecoins, and why holding ETH may be the easiest, simplest way to get exposure to stablecoin growth over the next decade. ------ 🔗 Essential Show Links 🔗 ► Newsletter: https://the-edge.xyz ► Youtube: https://youtube.com/@DeFiDad ► Apple: https://tinyurl.com/edgepod ► Spotify: https://tinyurl.com/edgepodspotify ► Linktree: https://linktr.ee/edge_pod ► Follow DeFi Dad: https://x.com/DeFi_Dad ► Follow Nomatic: https://x.com/Nomaticcap ► Learn DeFi: http://defidad.com/ ------ The Edge Podcast Sponsor Resources ♦️ REDSTONE | THE LEADING MODULAR BLOCKCHAIN ORACLE ♉︎ TOROS | EXPONENTIAL GAINS WITH LEVERAGED TOKENS 🥞 SYRUPUSDC BY MAPLE | DEFI'S PREMIUM YIELD ASSET 🦅 FALCON | OVERCOLLATERIZED SYNTHETIC DOLLAR - POINTS PROGRAM NOW LIVE ⚡ SPARK | THE ONCHAIN CAPITAL ALLOCATOR 🏦 MANTLE | INNOVATING THE FUTURE OF ONCHAIN FINANCE 🐡 PUFFER UNIFI | A BASED ROLLUP TO ETHEREUM WITH NATIVE YIELDS 📈 RUMPEL | TURN POINTS INTO PROFITS ⚙️ GEARBOX PROTOCOL | ONCHAIN LENDING REIMAGINED ------ Timestamps 0:00 - Intro 5:36 - Background on Electric Capital 7:21 - Why write this Ethereum stablecoin report 9:29 - Outsized demand globally for dollar-pegged stablecoins 10:59 - Why Ethereum is the best network for stablecoin demand 15:48 - The value of decentralization on Ethereum 22:52 - Sponsor break 24:02 - How ETH becomes a reserve asset and SoV 27:29 - ETH DATs accelerating demand for ETH 30:27 - Beginning to connect ETH and stablecoin growth 36:02 - Sponsor break 37:39 - Challenges to replicate Ethereum’s stablecoin flywheel 44:10 - Risks to Electric Capital’s thesis for ETH 48:25 - The role of L2s in the Ethereum stablecoin flywheel 50:41 - Closing ------ 🔗 Guest Links 🔗 ► Electric Capital website: https://www.electriccapital.com/ ► Beyond Stablecoins, The Case for Ethereum Report: https://electriccapital.substack.com/p/beyond-stablecoins-the-case-for-ethereum ► Electric Capital on X: https://x.com/electriccapital ► Maria on X: https://x.com/mariashen ► Sanjay on X: https://x.com/sanjaypshah ------ All opinions expressed by hosts and podcast guests are solely their own opinions. Podcast guests and hosts may have positions in the assets or other matters discussed in this podcast. DeFi Dad, Nomatic, and Electric Capital all hold ETH. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.
