In this engaging discussion, Ethan Chan, Co-founder and CEO of Allium, and Noah Levine, leading on-chain analytics at Visa, explore the evolving landscape of stablecoins and tokenized deposits. They dissect retail payment behaviors between USDT and USDC, shedding light on transaction complexities. The conversion from stablecoins to tokenized deposits emerges as a key theme, promising enhanced transaction efficiency for banks. The duo also dives into the future of self-custodial wallets and the critical challenges of privacy versus transparency in blockchain.