Stabledash
@stabledash • 3,434 subscribers
Showcasing the founders and operators updating the financial system. Hosted by @drewrogers and @zdubs33 Live every Tu & Th @ 12PM ET
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)
Stabledash475,925 Aufrufe • vor 2 Monaten
The onchain category Solana expects to blow up in the next 18 months is yield. "I personally think that large institutions are coming on board. That's gonna be a huge focus." "It doesn't make sense for them to do everything in the first 90 days." "I think FX is very ripe. I think yield and earn is gonna be a huge category for the next 18 months or so, 12 to 18 months." "I think as these institutions learn more about that, that's gonna start to blow up like crazy." Jamal GM of Payments at Solana Foundation
Stabledash18,889 Aufrufe • vor 9 Tagen
.Cyril Mathew spent a decade at Uber, Coinbase, and Stripe watching cross-border payments fail at the same point. People receive stablecoins but have no simple way to convert them into the local currency that they can actually spend. This led to building Latitude ( Latitude ), a settlement network that connects banks, exchanges, and payment aggregators to convert stablecoin payments into local currency across 50 countries, all in under two minutes. This week, they announced Oak HC/FT led a $35 million Series A that closed in three to four weeks, bringing the total raised to $43 million. Since launching in January 2025, it has secured licenses or approvals in 45 states. Cyril's conversation with Drew Rogers: 2:02 - Latitude closes $35M Series A led by Oak HC/FT 4:51 - Paying Uber drivers across 40 countries from Amsterdam 10:03 - Joining Coinbase and the first crypto Visa card 15:58 - "Without liquidity, these things don't take off" 22:20 - Joining Stripe and the 20-page paper on crypto 27:54 - Building stablecoin payouts inside Stripe Connect 31:44 - The founding thesis behind Latitude 35:34 - How settlement works in Mexico, corridor by corridor 42:37 - Raising $35M in under four weeks 51:05 - Why enterprise core flows matter more than pilots
Stabledash20,326 Aufrufe • vor 25 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 helius Ep. 47 - Nikhil Srinivasan. CEO at Infinite Presented by Altitude Hosted by EP: 0045-47 SF, USA
Stabledash97,522 Aufrufe • vor 6 Monaten
"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 1 Monat
"I see a lot of takes on twitter that crypto neobanks are just a Rain Wrapper" "I think this is very far from the truth" A non-custodial neobank is "actually everything that a crypto wallet is, like Rabby, MetaMask, but just harder to build." "No one would say building a crypto wallet is easy, right?" "This is a crypto wallet on top with integrated virtual banks accounts, cards and so on" "Like a crypto wallet on Hard mode" lito, GTM Lead Ethena on the live show today.
Stabledash11,085 Aufrufe • vor 27 Tagen
"I want people to be able to transact on Sui in a way that is completely invisible," says Louisa Bai > Gasless stablecoin transfers built at the protocol level > No sponsored transactions where someone else pays > Confidential transactions that keep wallet balances private > Building primitives to make payments seamless > The chain should disappear like internet infrastructure did Head of Stablecoins at MystenLabs.sui
Stabledash12,415 Aufrufe • vor 1 Monat
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.
Stabledash64,860 Aufrufe • vor 10 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
Stabledash21,225 Aufrufe • vor 2 Monaten
"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
Stabledash22,377 Aufrufe • vor 3 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 5 Monaten
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 2 Monaten
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 3 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 8 Monaten
"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 3 Monaten
.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 4 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 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 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 3 Monaten