Stefan Ionescu, founder of Reflexer Labs, dives into the transformative potential of the RAI stablecoin, challenging conventional definitions of stability in crypto. He discusses the innovative mechanics of RAI, including its use of Ether as collateral and unique governance features. The conversation touches on the dynamics of decentralized finance, the significance of algorithmic stability, and the complexities of managing price adjustments. Ionescu also shares insights into the RAI app's launch challenges and the concept of governance minimization in a rapidly evolving landscape.