Investor Presentaiton

Parallels between Eurodollars and Stablecoins 1. Emerged as a reaction US asset seizure & capital controls 2. Growth powered by search for yield 3. More flexible and suited to a globalized market than onshore banking 4. Opportunity for ex-US jurisdictions to create USD financial hubs 5. Initially peripheral, later backstopped by central banks PAST - Lessons from Eurodollars 4

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