On the Margin: Breaking Down the Disconnect Between TradFi & Crypto | Austin Campbell

In this episode, Austin Campbell joins the show to discuss the modern banking system and how crypto is driving innovation. We also delve into stablecoin designs, their role in dollar hegemony, the pros and cons across the spectrum of decentralization, and much more. Enjoy!

–

Follow Austin Campbell: https://x.com/CampbellJAustin

Follow Felix: https://x.com/fejau_inc

Follow On The Margin: https://twitter.com/OnTheMarginPod

On The Margin Newsletter: https://blockworks.co/newsletter/onthemargin

NYDFS Stablecoin Guidance: https://www2.deloitte.com/content/dam/Deloitte/us/Documents/regulatory/us-regulatory-nydfs-stablecoin-guidance.pdf

–

MANTRA is a purpose-built RWA Layer 1 blockchain capable of adherence and enforcement of real world regulatory requirements. As a permissionless chain, MANTRA empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced tech modules, compliance mechanisms, and cross-chain interoperability.

Learn more: https://www.mantrachain.io/

–

Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii

–

Timestamps:

(00:00) Introduction

(01:46) Austin's Background

(03:21) Unpacking the Banking System

(06:15) Money Markets & Reverse Repo

(10:35) Crypto's Role in Banking

(14:05) Stablecoin Designs & Reserves

(22:00) What is Crypto Solving?

(27:33) Mantra Ad

(28:14) Spectrum of Decentralization

(32:34) CBDCs

(36:41) Blockchains vs Databases

(40:06) Permissionless Ad

(40:46) Crypto & Dollar Hegemony

(44:52) Backlash to Crypto

(47:46) Crypto Market Outlook

–

Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.