Martin Carrica (Mountain Protocol) on creating an interest-bearing stablecoin (EP. 450)
On The Brink with Castle Island
Creating an Interest-Bearing Stablecoin and Investigating Jurisdictions
Martin Caricca discusses the challenges of building Mountain Protocol and their journey investigating different jurisdictions to create a non-security interest-bearing stablecoin. They explore Switzerland, countries in Asia, islands in the Caribbean, the Middle East, and South Africa before finalizing Bermuda as their choice. The chapter also highlights Bermuda's reputation as a major player in the reinsurance market and its strong financial regulation entity, the Bermuda Monetary Authority.
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