Circle’s S-1 filing offers a window into the economics of the stablecoin industry.
The post dig deeper into Circle’s current success and explore if the same model can survive a changing financial topology.
Circle S-1 and the future of money
C
Bitcoin and the hierarchy of money
B
Over this quarantine, I’ve decided to invest some time in a renowned Coursera course on Banking. The course is great and one of the core concepts of the class is the Hierarchy of Money. Being myself very interested in cryptocurrency, I’d like to explore in this post where Bitcoin sits in this hierarchy. First of all, what is the hierarchy of money? Even though every dollar looks the...