00:00 Speaker A

Dollarization is not new. People have stored physical dollars under mattresses and conducted business in dollars for generations, but physical cash is difficult to acquire, transport and use online. Foreign dollar bank accounts require access to banks. Stable coins remove both barriers.

00:19 Speaker A

This is dollarization at internet speed. The United States sees stronger dollar influence. The country on the other side may see capital flight with a better user interface. That’s why this cannot be reduced to a victory lap about innovation.

00:35 Speaker A

A technology can empower individuals and destabilize institutions at the same time. In fact, that’s usually what disruptive technology…