Diving into Stablecoins and Unit of Accounts with Evan Kuo, Founder and CEO of Ampleforth - Ep. 43

CoinGecko Podcast - Bitcoin & Cryptocurrency Insights

In this episode, Ben, research analyst at CoinGecko is joined by Evan Kuo, Founder and CEO of Ampleforth. Evan gives us an insight into the mechanism of Ampleforth, its algorithmic unit of account AMPL, and how he thinks stablecoin will evolve and co-exist with fiat.

[00:00:40] Intro
[00:01:08] Evan's background and how he started in crypto
[00:04:10] What is AMPL?
[00:06:12] AMPL versus stablecoin
[00:09:09] What separates AMPL from other units of account?
[00:13:50] Thoughts on the stablecoin mechanisms
[00:18:16] The mechanism of Ampleforth protocol
[00:20:33] How do we increase adoption of stablecoin outside crypto?
[00:25:25] Thoughts on regulator’s concern on stablecoin risk
[00:27:25] Will stablecoins replace fiat currency?
[00:29:28] Ampleforth’s plan for the next five years
Quotes from the episode:

“So what can't Bitcoin do? What can't ETH do? Well, they're vulnerable to unit price volatility, and that undermines their ability to be used for contract denomination.” [00:13:24]
“We need to build a decentralized unit of account that is better than existing alternatives.” [00:13:34]
Watch the Podcast on YouTube
Website
Ampleforth - https://www.ampleforth.org/
CoinGecko - https://www.coingecko.com/
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