financial innovation

✨ DEBRIEF | Ryan & David unpacking the episode:
https://www.bankless.com/debrief-the-jeremy-allaire-interview 

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Joining the podcast today we have the man behind the largest US based stablecoin, Jeremy Allaire, the Founder of USDC Circle.

A year ago USDC depegged in the face of major banks like SVB and Silvergate collapsing. How did Jeremy deal with that? What year is crypto in internet years? Why don’t we have a venmo for crypto yet? Fast forward to 2030, what’s the total value of stablecoins?

Stay tuned because we ask all that and much more.

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TIMESTAMPS

0:00 Intro
5:47 SVB Crisis Reflections
24:00 Crypto Age in Internet Terms
31:15 The Future of Stablecoins
41:42 The Crypto Venmo
56:18 Blackrock’s BUIDL Fund
1:01:44 US Government
1:16:35 USDC vs Tether
1:22:00 Central Bank Stablecoins
1:28:14 Regulatory Protectionism
1:32:25 Closing Thoughts

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RESOURCES

Jeremy Allaire
https://twitter.com/jerallaire  

USDXX - What backs a USDC?
https://www.blackrock.com/cash/en-us/products/329365/circle-reserve-fund  

Circle
https://www.circle.com/en/  

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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures ⁠  

✨ DEBRIEF | Ryan & David unpacking the episode:
https://www.bankless.com/debrief-patrick-mckenzie

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Why do banks have holidays? Should we redesign the banking system? Is there a future for crypto?

Today we’re joined by Patrick McKenzie, an advisor at Stripe who writes about the modern financial system helps us answer these exact questions.

First, we talk about the inner workings of the existing banking system. Then we get into crypto, where Patrick shares his reasons for skepticism.

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BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://k.xyz/bankless-pod-q2    ⁠  

💸 CRYPTO TAX CALCULATOR | USE CODE BANK30
https://bankless.cc/CTC  

🦄 UNISWAP | SWAP SMARTER
https://bankless.cc/uniswap 

🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle 

🔗CELO | CEL2 COMING SOON
https://bankless.cc/Celo   

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION
https://bankless.cc/toku   

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TIMESTAMPS

0:00 Intro
6:35 Patrick’s Background
9:48 Banking System Evolution
20:09 Banking Holidays
26:44 Financial System Redesign 
40:12 Transactional Freedom Trade-offs
1:03:39 Crypto Slogans
1:11:36 Crypto Predictions
1:21:42 Closing Thoughts

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RESOURCES

Patrick McKenzie
https://twitter.com/patio11 

Check Out Patrick’s Blog 
https://www.bitsaboutmoney.com/ 

Molly White Episode
https://www.youtube.com/watch?v=y9Itd3g23QI 

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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets.

See our investment disclosures here:
https://www.bankless.com/disclosures  

Preston Pysh talks with Jesse Myers about the FTX court findings, a few of Jesse’s recent articles on the debt spiral, the ability for institutions to perform multi-institutional Bitcoin custody, and much more. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:11 - Jesse's thoughts on the FTX trial. 03:50 - The impact of FTX selling Bitcoin into the last bull market. 03:50 - Does the halving event matter? 15:54 - Have we passed the event horizon for US debt? 15:54 - What outsiders are missing about Bitcoin and the debt burdens. 30:09 - How is Janet Yellen suggesting the US' interest expense could only be 1% of GDP? 33:33 - Jesse's thoughts on AI and Bitcoin. 50:20 - How and why multi-sig institutional custody is evolving right now. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Jesse Myers' Twitter. Jesse's Newsletter. Jesse's Company: Onramp. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts.  SPONSORS Support our free podcast by supporting our sponsors: River Toyota Linkedin Marketing Solutions Fidelity Efani Shopify NDTCO Fundrise Wise NetSuite TurboTax Vacasa NerdWallet Babbel Learn more about your ad choices. Visit megaphone.fm/adchoices

This week Rachel Rickard Straus joins editor Simon Lambert and Share Radio presenter Georgie Frost for a fun look at the week's money news.

This week a shocker from Nationwide on savings rates (clue it was a rise), the DVLA's driving licence hire car madness, what to do if your holiday is hit by Spanish air strikes.

And the RBS question: would you buy (or sell) a bank now?

Andreas Antonopoulos is a bitcoin entrepreneur, he also serves on the advisory boards of several bitcoin startups and serves as the Chief Security Officer of Blockchain.