Unlocking Financial Efficiency with Stablecoins

Gm! This week we're joined by Edward Woodford to discuss the economics of stablecoins. We deep dive into Circle's S-1 filing, who will benefit the most from the stablecoin business model, how does Circle remain competitive, the end game for stablecoin issuers & more. Enjoy!

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Zenrock is a permissionless, decentralized custody network backed by 1RoundTable Partners, 10T, Maven11, and Spartan. Live on Jupiter, $ROCK is the native token for transactions within the Zenrock ecosystem and secures Zenrock’s decentralized custody network.

The first application launching on Zenrock is zenBTC – yield-bearing Bitcoin on Solana. zenBTC will be live in April 2025.

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Timestamps:

(0:00) Introduction

(01:17) The ZeroHash Origin Story

(04:48) Circle's S-1 Filing

(10:20) Ads (Aptos, Zenrock)

(11:40) How Does Circle Remain Competitive?

(14:57) The Stablecoin Business Model

(20:23) Should Circle Launch Its Own Chain?

(21:34) Ads (Aptos, Zenrock)

(22:54) Will The Banks Win?

(27:06) The End Game For Stablecoins

(30:43) Meta's Stablecoin Strategy

(34:12) Ads (Falcon x, WalletConnect, Token.com)

(36:25) Tether

(39:30) Tether vs Circle: Who Will Win?

(41:57) Will Coinbase Acquire Circle?

(44:33) The Thesis For Stables

(48:46) Tokenization

(51:42) Stablecoin Regulation

(55:43) The Stablecoin Hype Cycle

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Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.