This is an audio transcript of the FT News Briefing podcast episode: What’s the crypto vibe?
Marc Filippino
Good morning from the Financial Times. Today is Monday, May 30th, and this is your FT News Briefing.
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We’re going to do something a little different on the briefing today. You’ll hear from our friends at Behind the Money, our sister podcast. And we’re going to give you a glimpse into the world of cryptocurrencies and why the vibe, as the kids call it, has shifted on certain decentralised currencies. I’m Marc Filippino. And here’s the news you need to start your day.
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Volatility in crypto markets, it’s nothing new. We’ve talked about crypto volatility a lot on this show, but there’s a certain type of currency that’s supposed to protect against that volatility. They’re called stablecoins and they underpin a lot of the crypto market. The point of a stablecoin is to help crypto investors more easily jump from a traditional currency like dollars or...
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