What is money

Types of stablecoins

Market size

Why stable coins

Stablecoins are rebranded money

What is money?

• medium of exchange: so one dollar can be used to contribute towards a car or groceries - allows people to obtain what they need to live - INTERMEDIARY INSTRUMENT
• fungible - one unit can be exchanged for another
• unit of account: common denominator to express worth - we all know what USD means
• store of value: theoretically is supposed to hold value over time

applications

• dApps - people will actually use the crypto world for tools vs speculations

what are stablecoins

Utility token (coins are a method of payment, tokens are use cases, have more functionality) -

just know that it is meant to represent $1 USD

they constitute a $128bn industry, having grown almost 500 per cent in size in 12 months.

• Open access to stability and open permissionless system access to borrowing for everyone
• Stability of payments bring web2 user experience to web3