June 2, 2022· 56 min

Silvergate CEO Alan Lane On the Business of Stablecoin

Alan Lane

Orality

Model

50%

Speaker Breakdown

HostTracy Alloway(1,618 words)

M:29%

HostJoe Weisenthal(1,546 words)

M:29%

GuestAlan Lane(0 words)

M:93%

Oral Indicators

Agonistic28%

massive, terrible, obviously

Engagement89%

you, our, your

Memory Aids100%

listen, so, okay

Repetition100%

know (159x), they (101x), what (79x)

Parallelism100%

And I'm Tracy Alloway...., So, Tracy, you know, we recent..., So Terra slash Luna collapsed,...

Sound Patterns62%

62 question(s), alliteration: "markets move", alliteration: "barclays brief"

Formulaic Phrases14%

the fact of the matter, at the end of the day, you know what

Literate Indicators

Hedging6%

may, maybe, might

Passive Voice12%

be even, is supposed, were supposed

Abstract Nouns16%

investment, business, chase.com/business

Subordination10%

although, since, because

Sentence Length40%

Avg: 15.0 words/sentence

Word Complexity46%

investment, analyze, anticipate

Academic Markers0%

Impersonal Style11%

889 personal pronouns found

Descriptive Style89%

apply, internationally, recently

Description

The collapse of the Terra/Luna experiment has brought fresh attention to stablecoins, and the different flavors they come in. Some are fully backed with standard financial assets. Others are backed by crypto. Others aren't really backed at all. But why the interest in stablecoins to begin with? Why so much enthusiasm and investment for cryptocurrencies that aren't even designed to go up? On this episode of the podcast, we speak with Alan Lane. Alan is the CEO of Silvergate Bank, which is one of the most important financial institutions in crypto, providing banking services to many of the big players. It's also active in the stablecoin space, providing infrastructure for creating and redeeming them. Among other things, it purchased the assets of Diem, which was Facebook's aborted stablecoin project. We talk with Alan about why there's so much money in the space, and how the industry might be properly regulated. See omnystudio.com/listener for privacy information.

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