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Transcript: Silvergate CEO Alan Lane on the Business Of Stablecoins

A candlestick chart illustrating Bitcoin price on an electronic screen inside a BitBase cryptocurrency exchange in Barcelona, Spain, on Monday, May 16, 2022.

A candlestick chart illustrating Bitcoin price on an electronic screen inside a BitBase cryptocurrency exchange in Barcelona, Spain, on Monday, May 16, 2022.

Photographer: Angel Garcia/Bloomberg

With the collapse of the Terra/Luna ecosystem, there’s a renewed interest in so-called stablecoins and the different approaches to building them. But why are they so hot in the first place? And how does the stablecoin business actually work? To learn more, we spoke with Alan Lane, the CEO of Silvergate Bank, a publicly traded bank that offers services to the crypto industry, including stablecoin issuers. The transcript has been lightly edited for clarity.

Silvergate CEO Alan Lane On the Busin...