How Stablecoins Made Crypto Functional

​Stablecoins: How Crypto Finally Became Functional

​Why cryptocurrency remained inconvenient for real-world use for so long and how stablecoins changed everything.

​In this event, we’ll trace the journey from the chaotic trading of the early 2012 to stablecoins as a $300–400B financial infrastructure.

📅 10 Feb
⏰ 14:00 UTC
🗣 With Sergei Banov, BD

​✨ What we’ll cover:

​🔹 Why early crypto was volatile and unsuitable for payments or storing value

​🔹 How traders used to “park” capital — and why it was slow, expensive, and painful

​🔹 Omni Layer, BitUSD, and the first stability experiments before Ethereum and DeFi

​🔹 Why USDT succeeded and Omni failed and why both were necessary steps

​🔹 The DeFi boom, the Terra (UST) collapse, and the market’s maturation after 2022

​🔹 How different types of stablecoins actually work:

• ​Fiat-backed

• ​Crypto-collateralized

• ​Algorithmic

​🔹 What stablecoins really changed:

• ​Clearer trading dynamics

• ​On-chain safe havens for capital during market downturns

• ​Access to DeFi and on-chain finance

• ​Fast, borderless payments for businesses and individuals

​🔹 Risks and limitations: centralization, regulation, peg stability, smart contract dependency

​By the end, you’ll see how stablecoins transformed crypto from a speculative playground into a useful, functional financial ecosystem.