Stablecoins and Circle's new L1 | Gordon Liao, Chief Economist at Circle

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The Canonical Pod

Brad Bachu and Fahad Saleh

5 episodes

2 days ago

The Canonical Pod is a podcast that analyzes contemporary events in cryptoeconomics with a rigorous research angle. Each episode features a guest with insight on a recent crypto development. We discuss the implications of each development as understood by the most recent research. Our first season of guests include Ethereum Foundation Research Co-Head Barnabé Monnot, leading Crypto-lawyer Lewis Cohen and Circle Chief Economist Gordon Liao. The Canonical Pod is co-hosted by finance professor Fahad Saleh and Uniswap Labs Senior Research Scientist Brad Bachu.

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All content for The Canonical Pod is the property of Brad Bachu and Fahad Saleh and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

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Stablecoins and Circle's new L1 | Gordon Liao, Chief Economist at Circle

The Canonical Pod

1 hour 5 minutes 21 seconds

2 months ago

Stablecoins and Circle's new L1 | Gordon Liao, Chief Economist at Circle

In this episode of the Canonical Pod, Fahad Saleh and Brad Bachu welcome Gordon Liao, Chief Economist at Circle. The conversation spans both stablecoins and Circle’s new Layer-1 blockchain, Arc, focusing especially on how stablecoins and Arc may move cryptofinance closer to mainstream adoption. The conversation begins with stablecoins, covering current use cases, the implications of recent regulatory developments (e.g., the Genius Act) and also the path to mainstream adoption. Thereafter, the conversation turns to Circle's new Layer-1 blockchain, Arc. Gordon particularly explains the technical design of Arc, highlighting three key differentiating factors and their economic significance.Chapters00:00 Introduction to Gordon Liao and His Background06:50 The Evolution and Future of Stablecoins13:27 Current Use Cases and Regulatory Landscape of Stablecoins18:47 The Impact of the Genius Act on Stablecoins24:01 Tokenization of Real-World Assets and Future Applications28:43 The Landscape of Stablecoins and Innovations Ahead35:18 The Role Local Stablecoins35:29 Introduction to Arc and Its Purpose36:21 Understanding Arc's Layer One Structure38:23 Adoption Challenges and Solutions in Blockchain40:38 Settlement Finality and Institutional Trust44:21 Governance and Validator Selection in Arc45:27 Why Build an L1 Instead of an L2?49:23 Privacy Features in Arc55:48 Regulatory Compliance and Privacy Concerns57:43 Censorship and Compliance Mechanisms01:01:59 Interoperability with Other Blockchains01:03:50 The Meaning Behind the Name 'Arc''