Stablecoins are Fueling a New Era of Dollar Dominance | Vance Spencer & Michael Anderson

59 snips

Jul 28, 2025

Guest

Michael Mando Anderson

Guest

Vance Spencer

Vance Spencer and Michael Anderson, co-founders of Framework Ventures, dive into the evolving crypto landscape. They discuss the surge of institutional interest in Bitcoin and Ethereum through ETFs and the significance of recent regulatory developments like the Genius Act for stablecoin adoption. Delving further, they explore the geopolitical implications of dollar-backed stablecoins and the role of digital assets in a changing financial ecosystem. The pair also examine the fascinating intersection of blockchain and AI, opening doors for new economic opportunities.

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INSIGHT

Crypto Venture Market Structure

Crypto venture differs from traditional venture by allowing investments in both private rounds and liquid public markets.
Liquid tokens in crypto offer venture-scale outcomes through opportunities like Distressed investing and productive DeFi protocols.

ANECDOTE

FTX Hack Creates Buying Opportunity

When FTX blew up, hackers sold off the altcoins held there, creating intense market distress.
Framework Ventures bought a lot during that chaotic weekend, exemplifying the industry's frontier nature.

INSIGHT

Liquid Funds Outperform Pure Venture

Liquid crypto funds have outperformed pure venture funds through strategic asset picks and liquidity.
Financial services on-chain and productive DeFi tokens are thriving, while gaming and consumer crypto are underperforming.

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In Episode 430 of Hidden Forces, Demetri Kofinas speaks with Vance Spencer and Michael Anderson. Mike and Vance are the founders of Framework Ventures, one of the largest venture capital firms in crypto and one of the earliest and biggest investors in Decentralized Finance (DeFi).

Kofinas, Spencer, and Anderson spend the first hour surveying the current state of crypto—how the space has evolved since Michael and Vance were last on the podcast and how institutional participation in Bitcoin and Ethereum has expanded through ETFs and corporate treasury strategies. They also unpack the latest legislative developments, including the Genius and Clarity Acts, and their implications for stablecoin adoption and the broader digital asset ecosystem.

In the second hour they zoom out to examine the far-reaching implications of dollar-backed stablecoin adoption outside the United States. The three of them explore how diverging regulatory frameworks across jurisdictions are shaping the future of decentralized finance and consider the rise of digital asset treasury companies as a powerful new force in the crypto economy. They also examine the practical intersections between blockchain technologies and artificial intelligence, including how AI might leverage decentralized finance applications and cryptocurrencies for the purposes of capital formation and data monetization.

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Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou

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Episode Recorded on 07/24/2025