Five Mid-Year Predictions for Web3
Tom Tunguz
MAY 10, 2022
The attack on an algorithmic stablecoin’s peg harkens back to Druckenmiller breaking the Bank of England. Basel IV will mandate that any stablecoin issuer become a bank and keep a minimum level of tier 1 and 2 capital. The first three Basel Accords set the minimum amount of capital a bank must hold. Consolidation.
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