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Jesse Walden
@jesse
Spent some time over the weekend learning about the origin of Eurodollars, which have many analogs to stablecoins today. Pretty similar story in that Eurodollars were initially ignored as a niche market, then seen as a threat when the market grew 50x in 10 years, then ultimately seen as a tool for US foreign policy.
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Matthew Fox 🌐
@matthewfox
I remember this history lesson being shared in slack when I interned at Circle around the time USDC was coming together Great parallels Feels like its inevitable embrace comes from increased $ surface area enabled by stablecoins Likely less specific then the eurodollars but definitely rhymes
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