Haonan Li

In this conversation, guests Oli Harris, CEO of Arda Global and ex-Goldman Sachs MD, Raj Parekh, CEO of Portal Labs and a Visa crypto veteran, and Haonan Li, CEO of Codex, explore the exciting developments in crypto products offered by banks. They discuss Monad's acquisition of Portal for stablecoin payments, BBVA's bold move to provide Bitcoin and Ether trading for retail clients, and the competitive landscape among blockchains. The trio also delves into the importance of integrating stablecoins within traditional finance and the future of non-dollar backed stablecoins.

Haonan Li, Co-founder and CEO of Codex, shares insights on the evolving landscape of stablecoins. He explains how Codex is tackling fiat-to-stablecoin friction and why on-chain FX could drive global flows. The conversation dives into the differences between stablecoin chains, the importance of neutrality, and Codex's strategic choice to operate as an Ethereum layer-2. Li also highlights the significance of reducing transaction frictions and the need for app-specific rollups to enhance Ethereum's value.

In this insightful discussion, Haonan Li, CEO of Codex, advocates for building a stablecoin-focused Ethereum L2 aimed at enhancing user experience in payments, while Justin Bons, founder of Cyber Capital, pushes for alternative L1 strategies emphasizing decentralization. They explore the role of Stripe’s Tempo, the importance of neutrality in blockchain, and the potential risks of fragmentation for stablecoins. The conversation also dives into the future of rollups, sequencer power, and the rise of protocol-native stablecoins in the ever-evolving blockchain landscape.