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Katherine Wu on DeFi and the Inevitability of the Digital Yuan

How DeFi found its footing in 2019 and what it means that 2020 will see the launch of a Chinese digital yuan.

Updated Sep 13, 2021, 11:53 a.m. Published Dec 30, 2019, 8:00 p.m.
katherineWu-long

Katherine Wu was a founding team member at Messari before moving into a VC role at Notation Capital, but is perhaps best known in crypto for her epic annotations of key regulatory enforcement actions.

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In this end-of-year interview with The Breakdown, Katherine argues that decentralized finance is the narrative of 2019, but also that when it comes to 2020, the emergence of a Chinese digital yuan is likely to have a huge impact on the crypto space.

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"Polkadot price chart showing a 2.5% drop from $2.02 to $1.97 with increased trading volume."

The Polkadot token erased earlier gains amid elevated volume, falling from a high of $2.09 to $1.97.

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  • DOT collapsed through ascending trendline support around the $2.05 level on a massive 284% volume surge.
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