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Gordon Liao
Chief Economist and Head of Research at Circle; appeared as the episode’s main guest to discuss Circle’s ARC, stablecoin-native chains, and broader stablecoin economics.
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Sep 18, 2025
• 1h 1min
The Chopping Block: Stablecoin-as-a-Service: The Next Big Crypto Gold Rush? - Ep. 906
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Gordon Liao, Chief Economist at Circle, joins the discussion on the rising trend of stablecoin-native chains like Circle's ARC and Stripe + Paradigm's Tempo. They delve into the complexities of FX markets and how on-chain solutions could revolutionize costs. The conversation shifts to Solana's ambitions for a native stablecoin and the dynamics of ecosystem bargaining as exchanges negotiate their own stable options. Finally, they ponder whether 'stablecoin-as-a-service' is the future breakthrough or just another liquidity trap.
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