Ep. 7 Feat. Charles Read: The Evolution of "Stablecoins" and What to Expect Next

Welcome to another episode of the Modern Markets Podcast!

Episode review:

In this episode, Charles Read head of Zumo Kit at Zumo.money joins Tytan as they discuss the following topics:

What are stablecoins and what do they do?

What are Central Bank digital currencies?

What will the world look like with the digitization of currencies?

Global Markets Update:

North America

Companies around the world are in a race to find a treatment for the COVID-19 virus. Johnson & Johnson, Moderna, Novavax, and more have dedicated substantial resources to come up with a workable solution in the past weeks. Currently available drugs are being tested as an effective treatment for the coronavirus, including those for malaria and arthritis. New York, the US city with the most active cases, is using all available resources including intravenously administering Vitamin C. There is currently no cure for COVID-19 and vaccines are still likely 12-16 months away.

South America

Brazilian President Jair Bolsonaro defies COVID despite increasing cases in South America. Echoing President Trump’s assertion from weeks ago, President Bolsonaro has called the virus “a measly cold.” At this point, Bolsonaro is the only major world leader to ignore the severity of the pandemic which has infected over 1 million people worldwide.

European Union

Hungary adopts an authoritarian state overnight. As of Monday, Prime Minister Viktor Orban has wide-sweeping authority to overturn or implement any laws or measures he sees fit. Parliament would be able to overturn the emergency power by a two-thirds vote. This is also the percentage of votes Minister Orban currently controls in the government.

Africa

The President of Kenya, Uhuru Kenyatta, has freed inmates through Skype and Zoom to curtail the spread of the coronavirus. Nearly 5,000 criminals with less than 6-months of prison time left have been discharged. As of March 27th, there is also an active curfew between the hours of 7 pm to 5 am.

Asia

Thailand is also planning to announce a nationwide curfew. Starting Friday a curfew will go into effect between the hours of 10 pm and 4 am. Patient and medical transportation will be exempt. Thailand has over 1,800 active cases and 15 deaths from COVID-19 to date.

Data brought to you by FomoHunt's lead analyst Kaltoro, and your host Tytan Inc.

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