It’s time for the wealth management industry to pay attention to the exploding ecosystem of stablecoins.
At the same time, host Tyrone Ross explains: Advisers just can’t jump into this stuff without knowing the counterparty risk, smart contract risk and understanding all of the things that come along with DeFi.
This episode of On Purpose serves as a primer on stablecoins for financial advisers. What are they and where do they fit into the wealth management space? What are the biggest stablecoins on the market today? Where does regulation on decentralized finance stand and what are the associated risks and rewards for clients?
As stablecoins become an attractive option for clients, the Registered Investment Advisor (RIA) industry needs to adapt in order to integrate this new technology into the existing infrastructure. Advisers need to educate themselves today to prepare for a future filled with stablecoins.
This show is produced, announced and edited by Michele Musso with additional production support from Eleanor Pahl. Our Theme song is Walk With Swag.