Austin Campbell, a seasoned finance professional and adjunct professor at Columbia Business School, dives deep into the complex world of crypto. He discusses the implications of Bitcoin trading above $100,000 and the controversy surrounding the 'war on crypto.' Austin also unpacks the history of debanking practices and the regulatory landscape, particularly the influence of political shifts on the crypto narrative. Plus, he highlights the crucial role of stablecoins in economically challenged regions, showcasing their significance in areas facing instability.

This is Eric Golden and my guest today is Austin Campbell. Between my time working at Fidelity on money market funds and my passion for blockchain technology, I became obsessed with the idea of Stablecoins. Stablecoins can serve as a means of payment and a store of value for transactions. They also act as the bridge between the traditional finance system and the digital world. After my interview with Mike Dudas, I asked, who is the smartest person I can talk to about Stablecoins? He instantly responded, you need to speak with Austin and as you'll hear, I think he's right. Austin spent 15 years in traditional finance before managing $22bn of Stablecoin reserves for Paxos. Today, he's an Adjunct Professor at Columbia Business School and the managing partner at Zero Knowledge Consulting. In this conversation, Austin helps me break down the nuts and bolts of how Stablecoins work. We also discuss the lessons crypto should learn from the traditional finance world and how the current US regulatory crackdown will shape the ecosystem going forward. Please enjoy this Stablecoin primer with Austin Campbell. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here -----Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag Show Notes[00:03:21] - [First question] - What can be learned from TradFi and applied to crypto[00:05:13] - The basics of Stablecoins and why they are important[00:07:39] - The logistics and mechanics of Stablecoins from the ground up[00:17:14] - Time-delay and infrastructure problems when trading with Stablecoins[00:21:18] - Liquidity, time sensitivity, and credit risk for issuers and buyers of Stablecoins [00:24:59] - The roles, challenges, and faults of regulators in the space [00:33:04] - The extent to which he sees regulators favored versus fouled by crypto natives[00:34:50] - The SEC’s imposition that qualified custodians are needed to exchange crypto assets[00:37:53] - His takes on news regarding Paxos and the BUSD[00:43:01] - Concerns regarding Binance and its Stablecoin consolidations[00:46:30] - Aspects of global Stablecoin regulation he’s optimistic about[00:49:01] - Why the US may not be a promised land for crypto[00:50:21] - The positives and potential impact of Stablecoins broadly, despite the pushback[00:54:03] - The possibility of traditional assets using crypto rails[01:00:04] - What he’s most excited to see built over the next six months and six years Learn more about your ad choices. Visit megaphone.fm/adchoices

Austin Campbell, an adjunct professor at Columbia Business School and founder of Zero Knowledge Consulting, dives into the booming world of stablecoins. He argues that these digital assets are more than just speculative tools; they are pivotal for solving real-world money transmission issues, especially internationally. Campbell highlights the importance of transparency in stablecoin reserves and the regulatory challenges facing the sector. He discusses how stablecoins might serve as a new form of banking amidst traditional financial constraints.

Austin Campbell, a Columbia Business School professor and former Chief Risk Officer at Paxos, discusses the transformative power of crypto, particularly stablecoins, for middle-class Americans. He explores how cryptocurrency can serve as a safeguard against the flaws of traditional banking, especially in light of the 2008 crisis. The conversation tackles misconceptions about banking security and highlights the advantages of stablecoins, including lower transaction costs and the ability to support financial independence across diverse communities.

Austin Campbell, Managing Director at Zero Knowledge Consulting, and Ed Woodford, CEO of Zero Hash, dive into the fascinating world of stablecoins. They discuss Circle's partnership with Binance and its implications for market compliance and liquidity. The conversation also illuminates the evolving regulatory landscape, especially the significance of Ripple's NYDFS approval. With insights on market shifts and the growing role of stablecoins in transactions, they highlight the innovative potential for businesses in emerging markets.

Austin Campbell, managing partner at Zero Knowledge Consulting and adjunct professor at Columbia, dives into the recent surge of traditional finance into crypto. He discusses BlackRock's Bitcoin ETF filing and its implications on market dynamics. The conversation highlights the strategic role of Coinbase in this ETF and explores regulatory challenges affecting stablecoins. Austin also talks about EDX Markets’ innovative model, which aims to improve user experience while navigating crypto's complexities. Tune in for insightful analysis on the evolving crypto landscape!

Austin Campbell, a Columbia Business School professor and managing partner at Zero Knowledge Consulting, dives deep into the CFTC's allegations against Binance and their implications for the crypto world. He discusses the potential for criminal charges against key figures like CEO Changpeng Zhao. Campbell highlights how this case may redefine regulatory authority over crypto assets, speculating that Coinbase could emerge as a major winner if Binance US shuts down. He also examines the legal complexities of extradition and the classification of cryptocurrencies as commodities.

Austin Campbell, Managing Partner at Zero Knowledge Consulting, discusses the potential of blockchain in preventing financial crises and the importance of privacy in cryptocurrencies. He also explores the potential synergy between cryptocurrencies and AI, and emphasizes the importance of firsthand experience with cryptocurrency.

In this discussion, Austin Campbell, a finance expert focused on cryptocurrency, explores the transformative impact of crypto on the banking system. He unveils the intricate designs of stablecoins and their emerging role in the financial landscape. The conversation navigates the balance between decentralization and regulation, emphasizing issues surrounding CBDCs versus private stablecoins. Austin also sheds light on political misconceptions about crypto and the evolving dynamics of U.S. debt ownership as new players reshape global finance.

In this podcast, Austin Campbell, an expert on stablecoins with a background in traditional finance, breaks down the nuts and bolts of how Stablecoins work. He discusses the lessons crypto should learn from traditional finance, the current US regulatory crackdown, and the challenges faced by regulators in the crypto space. They also explore the recent regulatory issues surrounding Paxos and their stablecoin BUSD, and predict the future of crypto including the transformation of markets and the deployment of identity on the blockchain.