Paradigm Co-founder: The End of the Zero Interest Rate Era Has Triggered a Stablecoin Supercycle

On October 6, Paradigm co-founder Matt Huang stated that people used to joke that cryptocurrency was a product of the zero interest rate period (ZIRP), where loose monetary policy led to the rise of speculative assets. Ironically, it is precisely the end of the zero interest rate era that has given rise to the stablecoin supercycle: cloud-based dollar banks, an ever-widening interest rate spread compared to traditional finance, and stablecoin issuers earning billions of dollars for global distribution.