On The Brink with Castle Island Luca Prosperi (M0) on a Universal Stablecoin Platform (EP.637)
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Jun 23, 2025 
Luca Prosperi, CEO and Co-Founder of M0, dives into the innovative world of decentralized finance and stablecoins. He shares invaluable lessons learned from MakerDAO and explores the dual banking system's influence on M0's creation. Prosperi discusses the evolution of stablecoins, emphasizing interoperability and liquidity as game-changers. He also addresses challenges in launching a stablecoin, the role of open-source platforms, and how M0 plans to revolutionize financial services with customizable and decentralized assets.
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Luca's Cancer Journey Sparks Vision
- Luca battled a rare form of blood cancer with chemotherapy and isolation during the first COVID wave.
- This life-changing experience motivated him to build meaningful crypto projects like M0 post-recovery.
MakerDAO Model Limits Scale
- MakerDAO's design limits institutional scale due to volatile collateral and governance issues.
- Its shift to a crypto-native credit fund reflects these structural and governance challenges.
M0 Mimics Dual Banking System
- M0 replicates a decentralized banking system with multiple issuers minting one interoperable stablecoin.
- This unified asset model boosts shared liquidity, network effects, and ecosystem integration.