Marek Olszewski

And then if you add a PerpTex, then you can start doing some really interesting things.

So, yeah, I'm really excited.

And yeah, increasingly, we're seeing a bigger percentage of stablecoin volume on Celo coming from these swaps between these different stablecoins.

Yeah, I think this is where local stable coins will play a really big role.

I think there still is value to having a unit of account that just matches your day-to-day expenses and the way you think about the world.

It is, unless you live in a country that's fully dollarized, it is always a chore for a lot of people to have to constantly try to convert between these two currencies, especially if the exchange rate keeps changing.

So I think for some types of transactions, I think people will happily stay in their local currencies.

Totally.

And I think Brian Armstrong actually addressed this in Davos recently, and he's been getting a lot of credit about one of the quotes he made.

He's talking about how crypto almost is like a check and balance on central banks globally, right?

Like if a central bank misbehaves, then that only pushes individuals into crypto more.

But if they don't, then I think it's fine.

And so I think my sincere hope is that, you know, everyone will go on chain.

There will still be local stable coins for people to think in their own unit of account.

It's useful for commerce to have local currencies because you can adjust to trade deficits easily with them.

And I think...

As long as central banks aren't printing insane amounts of money, then I think everything can still coexist.

And if they do, then ultimately for the first time ever, people will have a choice and will be able to actually do something about that.

Yeah, I mean, I think Tempo is definitely something that, you know, I was surprised to see if it didn't go the L2 route, I think.

that will probably hurt them.