Stabledash
@stabledash • 2,892 subscribers
New Media for New Money 💸. Live show every Tues and Thurs at 9am PST / 12pm EST
Videos
Last month our team flew down to CDMX for Bitso's stablecoin conference and kept the cameras rolling for two days straight. 19 interviews later with the people building Modern Money across LatAm, from Lightspark's David Marcus to the teams at Anchorage Digital, Polygon, Morpho and more. We pulled those conversations into a report on where tokenized money is headed. (download below)
Stabledash474,274 Aufrufe • vor 1 Monat
"Everyone is trying to build a crypto neobank, and I don't really understand that." "All these companies like RAIN, Dakota, Bridge, Privy, they're amazing infrastructure tools that cost a lot less than traditional card providers or account providers or even BaaS" "Majority of neobanks are still trying to position themselves as a crypto neobank when I think that market is very, very small and very, very saturated already." "There's tons of businesses in the US, globally, or even consumers that have different needs and different niches that don't care about stablecoins, don't care about crypto at all. "They just wanna have a good experience." "The next step people should take is figuring out which niches outside of crypto is actually valuable rather than all just competing for the same small mindshare of crypto audience on Twitter." eric, Head of Growth & Global Banking at Flex
Stabledash20,437 Aufrufe • vor 8 Tagen
Stableminded, a financial podcast covering founders on the frontier. Long form, founder-focused. All about modern money. New episode drops next week. Ep. 45 - Charles Yoo-Naut (🌧️,🌧️), CTO at Rain Ep. 46 - Louis Amira, building ATXP Ep. 47 - Nikhil Srinivasan. CEO at Infinite Presented by Altitude Hosted by Drew Rogers EP: 0045-47 SF, USA
Stabledash97,431 Aufrufe • vor 5 Monaten
XP is a secondary ticket marketplace built on Solana. Founder Mike Saunders on the company's early NFT-ticketing thesis, and where it ran into friction with mainstream users. "We've been on Solana from the beginning. We won Grizzlython's Consumer Track in 2023." "We were too early in a lot of the Solana time. Your identity was your wallet, your payment was your stablecoin. Letting normies manage that on their own was a little bit of a leap too far." "So we've purposely taken the word crypto or blockchain off of the website, and our conversion has gone up as we've done more of that." Michael Saunders, Founder & CEO of XP
Stabledash20,885 Aufrufe • vor 1 Monat
Before leading Velocity's $38M round, one Dragonfly investor had already been doing their marketing. "Huge shout out to Rob Hadick ＞|＜ at Dragonfly. He's been effectively our CMO from day one. The second we met Rob, he's been out in the market telling our story," says Eric, Co-Founder & President of Velocity "He wrote a check on us last year and co-led this round and was a big impetus in why it came together so cleanly because he's so well respected in the space." "He's done a very good job of forming a perspective on how he thinks the market's going to evolve. And lucky for us, we kind of found our spot right in the crosshairs of that thesis."
Stabledash18,198 Aufrufe • vor 1 Monat
"AI will reduce your bottom line and stablecoins will ultimately increase your top line." kareem saw this coming early. He positioned Entendre to build FOR stablecoin native companies, instead of building one himself. As stablecoins began to solve real problems, the winners would grow into massive businesses onchain with complex books to close. So he built the accounting tooling those companies would need to scale. Before Entendre, he built cash management systems at Workday, then joined WeWork at peak valuation, where 300+ accountants couldn't keep up with the accounting at scale. When ChatGPT launched, he founded Entendre with his brother Omar and designer Andy, and the three of them built AI accounting software for some of the fastest growing organizations in the world. They built agents to automate stablecoin and digital asset accounting for companies like Polygon Labs, Brale, Courtyard, and Babylon Labs. In the last 12 months, their customers have raised over $1 billion in venture capital. Last month MoonPay 🟣 acquired the company to power the financial operations layer of the stablecoin economy. His bet: by 2030 half the accountants will have retired, every dollar moving onchain still has to land in a ledger, and agents are how the books get kept. Kareem's conversation with : 1:30 - Youngest engineer on Workday's financial side 6:44 - Why everyone used to fight over the general ledger 10:11 - WeWork at peak valuation and 300 accountants falling behind 13:05 - How he built Cloud Kitchens' money platform from scratch 19:22 - 3 million CPAs, $100T GDP, and 50% retiring by 2030 21:04 - Why stablecoins grow top line and AI cuts bottom line 23:41 - Three levels of AI adoption and where most people are stuck 29:00 - How ChatGPT's launch led to founding Entendre 31:29 - Customers who've raised over $1 billion in VC 35:37 - Polygon Labs: 32 legal entities on one platform 37:51 - Dual Entry and the $90M AI-native ERP partnership 38:33 - Why MoonPay acquired Entendre 43:17 - First startup, first exit, first time raising capital 52:44 - 10x revenue growth and the 2025 inflection point Episode 0052. Presented to you by Altitude
Stabledash22,346 Aufrufe • vor 1 Monat
Helius acquired Light Protocol, the team building privacy infrastructure on Solana "We have been working with them for a while on figuring out what is the right design for Altitude, and potentially broader for Squads Multisig. So I guess privacy is coming." says Stepan | squads.xyz. "The standard is gonna be on Solana and we're gonna pioneer it for B2B payments and B2B management." Co-Founder & CEO of Squads and Altitude on the show yesterday
Stabledash23,489 Aufrufe • vor 2 Monaten
"To us, Solana $SOL is the payments chain. It has the right balance of scalability, decentralization, and the rich DeFi ecosystem you can tap into to build better experiences for your customers." Stepan | squads.xyz, CEO at Squads / Altitude on what it's been like building in the Solana ecosystem for the past four years, leading up to their $18M round led by SolanaVentures.
Stabledash31,984 Aufrufe • vor 3 Monaten
NOW STREAMING: Stableminded S6 E3 ft Chris Maurice⚜️, CEO/Co-founder of Yellow Card Companies that wouldn't take Chris's calls 2.5 years ago are now the ones reaching out post-election asking how to access stablecoin payment rails. Yellow Card launched in Nigeria in 2019 as a Bitcoin exchange. Within 4 months of listing USDT, 99% of their volume shifted to stablecoins. That's when they realized: people don't want crypto. They want dollars that actually work. What Chris learned building payment rails across 16 countries in Africa, Southeast Asia, and South America: 0:07 - "If you can make it in Lagos, Nigeria, you can make it anywhere" 6:01 - The Taco Bell origin: selling Bitcoin at 7 college campuses 11:11 - COVID pivot: $1M/month to $1M/day overnight 19:54 - The stablecoin shift: 99% of volume moved to USDT in 4 months 21:27 - The realization: customers want payments, not crypto investment 31:19 - Why companies are finally reaching out post-election 31:41 - "Stablecoins are easy. Fiat, you have to get permission" 33:31 - Why they need 6+ banks in some countries for one payment 35:15 - "Nigeria and Botswana have as much in common as Italy and China" 44:39 - Why most corporates are buying the wrong infrastructure The land grab is on. Most providers are selling crypto infrastructure. What enterprises actually need are payment rails that work in markets where traditional banking fails.
Stabledash64,762 Aufrufe • vor 9 Monaten
Arthur Hayes backed Ethena Labs's USDe when TradFi experts called it "another crypto experiment destined for failure." $USDe just hit $9.5B market cap. That makes it the 3rd largest stablecoin globally behind USDT ($164B) and USDC ($64B). Synthetic dollar design that everyone said wouldn't work is now eating market share from the majors. The algorithmic stablecoin that survived while others imploded. Hayes saw what traditional finance missed: demand for yield-bearing dollar alternatives that don't rely on tradfi banking infrastructure. USDe proves there's room for more than just fully-reserved stablecoins in this market. Different risk profile, different use case, same growing market demand.
Stabledash67,156 Aufrufe • vor 1 Jahr
"From a stablecoin perspective, we did over 10 trillion U.S. dollars worth of stablecoin money movement last year alone. We do on average way over 3,000 transactions per second. And this is in practice, this is not in theory." Maya of Solana Foundation on the ecosystem case for building payments on Solana. "We already have these big payment companies and institutions around the world leveraging Solana, and that gives you optionality." "When you start to talk about Solana from an ecosystem perspective, it truly is unmatched, a leader across multiple verticals, from DeFi to tokenized RWAs to payments."
Stabledash14,618 Aufrufe • vor 1 Monat
.Offchain Labs started in 2018 as an L2 scaling solution when high gas fees made NFTs unusable. Now, Robinhood is building on Arbitrum's tech stack to bring tokenized equities onchain. A.J. Warner, Chief Strategy Officer at Offchain on how the "programmable economy" is actually getting built on Arbitrum: 0:30 - The Arbitrum origin story and replacing 1970s financial plumbing 1:16 - Why block space isn't the bottleneck anymore 3:16 - Tokenized money market funds cutting OPEX by 17% 4:20 - CLARITY Act and what enabling regulation actually looks like 6:35 - The era of consolidation (Coinbase, Payward, Magna) 7:29 - USD.AI $USDAI and why the model gets replicated across every vertical Watch the full interview ↓
Stabledash18,049 Aufrufe • vor 3 Monaten
.Charles Yoo-Naut (🌧️,🌧️) is one of the most quietly consequential founders in not just onchain finance, but fintech as a whole. He and farooq 🌧 started building Rain in 2021, before the GENIUS Act, before stablecoin legislation was even a conversation, when the industry was still debating whether crypto had real use cases at all. Rain was built on a belief that every financial product will eventually run on stablecoin rails, and that cards are the bridge to get there. Charles rebuilt the modern money stack from the ground up, powered by stablecoins. Today Rain processes over $3 billion a year in card volume, having raised over $300 million in three rounds across 12 months, hitting a $1.95 billion valuation. Charles sat down with Drew Rogers in San Francisco to discuss: - What it actually looks like when stablecoins settle end to end on Visa rails - Why Rain's biggest customers are companies that didn't exist two years ago - The moment cross-border payments stop needing banks in the middle - What happens when agents start making purchases, and who is liable - How a 95-person company avoids the Block trap of hiring 8,000 - Why the line between a card payment and a stablecoin payment is about to disappear - What it feels like to become a dad while scaling a company at this pace Timestamps: 02:29 - $250M Series C, $1.95B valuation 03:40 - The conviction that started four years early 06:08 - $3B annualized card volume 08:33 - USDC settlement with Visa 12:33 - From "Ramp for DAOs" to the full TAM 14:36 - Western Union and the stablecoin sandwich 21:36 - 17 days to go live 26:15 - "I don't know if I could be an AI founder right now" 33:50 - Stablecoins passing cardholder to merchant 44:01 - Microtransactions and content paywalls 46:33 - Becoming a dad Presented by Altitude
Stabledash23,379 Aufrufe • vor 4 Monaten
"Polygon as a blockchain, gets the same value if you move $1 or a billion. It's a fraction of a cent. No one cares." Wallets, ramps, and every other layer in the payments stack were compressing toward the same thing. Polygon | POL bundles all of it. "You can transact on a couple of chains that work extremely well. You can use a couple of wallets that give you the level of service or product that you need. You can use different ramps, and they will be quite similar. But when you put all of that together on the same infrastructure, the same product, that's where we see the value." mechanove.eth (※,※) on the show today.
Stabledash12,066 Aufrufe • vor 2 Monaten
We sat down with Matt Hougan at Breakpoint to talk about what happens when Wall Street finally starts to pay attention to stablecoins. Almost no one in traditional finance cared until the GENIUS Act. Now the Treasury Secretary is projecting a market repricing to $3.7 trillion. The question institutions are asking: how do I actually invest in this? That's what Bitwise has filed to build. As CIO managing over $15 billion in assets, Matt breaks down the stablecoin ETF filing — half crypto protocols like Solana and Ethereum, half companies like Circle and Coinbase 🛡️ — designed for investors who know stablecoins are going to be big but don't know where the value will accrue. Key Moments: 04:18 - "Almost no one cared until the GENIUS Act" 06:55 - "Robbed of the interest income for the last hundred years" 08:30 - Why the GENIUS Act timeline matters 10:38 - The stablecoin ETF thesis and filing 14:26 - Tokenization: $68 trillion in US equities 18:14 - Why stablecoin economics mirror Charles Schwab's profit model 21:55 - Solana's role in internet capital markets 23:48 - The Solana thesis: two bets at once Recorded at Solana Breakpoint 2025
Stabledash28,855 Aufrufe • vor 6 Monaten
.Sam Broner spent years at a16z crypto studying hundreds of stablecoin-focused startups. Mature fintechs, banks weighing their stablecoin strategy, early teams pitching infrastructure plays. The one pattern that kept surfacing: stablecoins were built for trading, not payments. Before a16z, Broner was an engineer at Microsoft, where he built the Fluid Framework that helped re-platform Word from desktop to browser. He demoed for Bill Gates two weeks into the project. Spent time at the Boston Fed's stablecoin initiative during MIT Sloan, angel invested in Cursor before most people had heard of it, and kept circling back to the same problem: moving from one stablecoin to another still works like a trade, not a payment. That's when he founded The Better Money Company - a stablecoin clearinghouse. Any stablecoin in, any stablecoin out, at a fixed price, with a guaranteed time of delivery. Its member issuers include Bridge, Paxos Labs, Agora, M0, MoonPay 🟣, brale, and Frax Finance ¤⛓️¤. Clients include Ramp, Privy, Turnkey 🔑, and Modern Treasury. The Better Money Company raised $10 million from a16z crypto, BoxGroup, and Sunflower Capital, and came out of stealth last week. Broner's point is simple. You don't sell Wells Fargo dollars at a variable price to get Bank of America dollars. Stablecoins shouldn't work that way either. Sam Broner sat down with Drew Rogers in Brooklyn. 00:00 - "I was living in Beijing in 2017" 02:24 - Paperwork in payments, and why engineers find it ridiculous 06:49 - MIT Sloan, the Boston Fed, and the stablecoin research scene 09:07 - The Fluid Framework: coding under a podium while Satya watched 13:10 - Why making payments a little bit better matters at massive scale 15:08 - Stablecoins are optimized for trading pairs, not payment flows 17:20 - What a clearinghouse is: from London taverns to hub-and-spoke 21:46 - Guaranteed pricing, guaranteed settlement, compliant clearing 25:41 - "Better money needs to be one to one" 31:52 - Instant payouts for gig workers: a weekend build on stablecoin rails 33:49 - Tourists in the Bazaar: how agents will transact 39:58 - Atomic payments and why faster settlement changes everything 44:01 - Why enterprise agent payments dwarf consumer agent payments 47:38 - Selling shovels vs. going for gold 53:24 - What's next for The Better Money Company Episode 0048, Presented by Altitude
Stabledash16,388 Aufrufe • vor 3 Monaten
.Megapot just raised $5M in a pre-seed led by Dragonfly ＞|＜, Coinbase Ventures 🛡️, and BanklessVC to build an onchain lottery. Founder Patrick | Megapot on how people can earn as the house by joining their liquidity pool: "The only way to make money in a casino is to be the house. We're trying to say, you can earn as the house. You deposit money into the liquidity pool. It basically serves as insurance for the prize pool." "Before I started Megapot, I worked at a company called Uniswap. They're very well known for a liquidity pool way of market making. I took that and said, why don't we do the same thing here?" "This 1.1 million dollar prize pool, we actually had this on day one when we launched last week. We didn't sell 1.1 million dollars of tickets."
Stabledash17,541 Aufrufe • vor 4 Monaten
Nikhil Srinivasan sold his first company to Coinbase 🛡️ in 2018. A few years later, he went on to lead product on Sardine's AI risk platform. Last year he left to start Infinite. At Coinbase, his team added every new blockchain and asset to the platform beyond Bitcoin and Ethereum, including USDC. At Sardine, he led compliance while co-founder Raj led payments, and together they shipped one of the first real virtual account programs in stablecoins. Those two seats are where the thesis behind Infinite took shape. Infinite is a global B2B stablecoin processor backed by Y Combinator and Coinbase 🛡️, settling same-day payments to 170+ countries. His bet is simple. Stablecoins are rewriting the rails of global payments, and compliance is what decides who actually wins. Nikhil Srinivasan sat down with in San Francisco. 00:00 - "There's a whole story as to how we got to this problem" 02:35 - Infinite, and the team that shipped at Sardine 06:25 - Virtual accounts: the light-bulb moment 13:10 - The visibility gap on the international leg 16:57 - First-party vs third-party, and why nesting is the quiet risk 22:32 - Inside the stablecoin sandwich 28:52 - "People think compliance is deterministic and static" 35:14 - The end of emailing passport scans 40:41 - Bitso, Trace, Conduit, Yellow Card - allies, not competition 46:08 - "Go bare metal" - Tom Blomfield's YC advice 52:42 - Agentic commerce and machine-to-machine money 56:51 - Do foundation model companies become payment companies? Episode 0047, Presented by Altitude
Stabledash15,123 Aufrufe • vor 4 Monaten
The Daily Yield, Stablecoin & Industry News — August 8th, 2025 1:10 – Corpay partners with Circle to embed USDC: Corpay (NYSE: CPAY), a global payment giant processing $50B+/year, integrates Circle's USDC, bringing 24/7 settlements and real-time liquidity to 800,000 enterprise clients in over 80 countries. 4:12 – Ripple deepens stablecoin push: Ripple to acquire Rail for $200m. Rail is a global B2B payments platform projected to process over 10% of the $36B stablecoin payments market. This move positions Ripples $RLUSD's ecosystem as a full-stack, enterprise-grade stablecoin platform. 6:29 – Paxos resolves NYDFS settlement: $48.5M settlement ($26.5M penalty + $22M compliance investment) closes legacy AML/compliance issues tied to former BUSD partnership with Binance. Successfully redeemed $16B without incidents, reinforcing regulatory leadership in digital assets. Stay informed. Stay stable.
Stabledash24,043 Aufrufe • vor 1 Jahr