This week:

Stabledash Live: Eight guests from Dfns, M0, Coinbase, Dragonfly, Artemis, and more

Stableminded S7.3: "Why Non-USD Stablecoins Need Sovereign Debt" featuring David Taylor, Co-Founder of Etherfuse

New from Stabledash: "Stablebonds: The Missing Piece for Onchain FX"

Breakpoint 2025: Wormhole interview now live, Robinson Burkey on cross-chain infrastructure and the future of interoperability

News of the Week: Apollo acquires 9% of Morpho for $90M, Bridge gets OCC approval for a national trust bank charter, Dragonfly closes $650M Fourth Fund and more

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Our biggest show yet. Eight guests. Three and a half hours. Here's who came on:

Aaron Marks (Rhythmic) — broke his $4M fundraise live on air

Joao Reginatto (M0) — the "Money is Plural" thesis

Thibault de Lachèze-Murel (Dfns) — dismantling crypto's biggest security myths

Nik Milanović (This Week in Fintech) - Stablecon EMEA 2026

John Turner (Coinbase) — why stablecoins should feel like dollars

Andrew Van Aken (Artemis) — what onchain data says about stablecoin payments

Nana Murugesan (Modveon) — building a verified operating system of modern nation states

Omar Kanji (Dragonfly) — $650M Fund IV, why tokens will end up looking like stocks, and advice for founders fundraising right now

Everyone's competing over dollar stablecoins. David Taylor went the other direction.

He co-founded Etherfuse to build sovereign debt onchain, starting in Mexico when the rest of the industry said non-US stablecoin infrastructure wasn't worth pursuing. Four years later, Etherfuse has yield-bearing sovereign debt tokens across 7 countries, with 100+ planned by end of 2026.

His thesis: stablecoins alone can't onramp the rest of the world. You need stablebonds; yield-bearing sovereign debt that creates comparable currencies to the dollar and brings liquidity that pure stablecoins can't. Etherfuse partnered with Brale to create the cheapest way to send money to Mexico through a Mexican peso stablecoin backed by sovereign debt, and now they're scaling to every currency that needs it.

USDC on Solana, USDC on Ethereum, USDT on Tron; same dollar, completely separate balances. Robinson Burkey, Co-founder of the Wormhole Foundation, on why liquidity fragmentation is crypto's biggest infrastructure problem.

Wormhole now facilitates 30-40% of all USDC transfers through Circle's CCTP, went from 15-minute cross-chain transfers to 12 seconds, and is targeting 1-second settlement for tap-to-pay.

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Apollo Global to Acquire 9% Stake in Morpho with 90M Token Deal

Bridge Secures OCC Conditional Approval for National Trust Bank

Lobster.cash Launches to Secure Payments for OpenClaw AI Agents

Dragonfly Secures $650M for Fourth Venture Fund

BVNK released Stablecoin Utility Report

Citi Executes Full Lifecycle of Tokenized Bill of Exchange on Solana

Ondo Finance Taps Chainlink Oracles to Enable Tokenized Equities as DeFi Collateral

Dfns is the institutional-grade custody and wallet infrastructure platform that lets enterprises build with digital assets — without building custody themselves. Secure key management, programmable wallets, and enterprise-grade compliance, all through one API.

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Special thanks to our sponsors: Altitude, Arculus, Artemis, Brale, Credit Coop, Coast and KAST.