Ethena Ecosystem

𝗦𝘁𝗮𝗯𝗹𝗲𝗰𝗼𝗶𝗻𝘀, 𝗣𝗼𝘄𝗲𝗿, 𝗮𝗻𝗱 𝘁𝗵𝗲 𝗙𝘂𝘁𝘂𝗿𝗲 𝗼𝗳 𝗠𝗼𝗻𝗲𝘆 From Tether becoming the most profitable “bank” in history to Arthur's prediction of $10 trillion flowing into stablecoins over the next few years, Arthur breaks down why politicians are backing stablecoins, what it means for banks and sovereignty, and where he sees crypto innovation heading next Guy sat down with Arthur Hayes in Seoul to discuss the stablecoin landscape, advice for builders, and what's worth building in crypto today 00:00 Introduction 00:45 The Stablecoin Essay & $10T Prediction 03:12 Banks, Sovereignty & Destabilizing Impacts 06:07 Building in Stablecoins: Distribution Matters 10:13 Investment: Tether vs Ethereum 11:11 Perpetuals on Equities 12:44 Decentralized Social Media & What to Build G | Ethena Arthur Hayes