This week:

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Stableminded is back with a its own brand, its own identity, and its own editorial vision. A financial podcast covering founders on the frontier.

New visual language. New format. New energy. Same depth.

Episode 0045 features Charles Yoo-Naut, Co-Founder and CTO at Rain - the stablecoin card infrastructure company that's raised over $300 million at a $1.95 billion valuation, backed by ICONIQ, Sapphire, Dragonfly, Bessemer, Lightspeed, and Norwest. Rain processes $3B+ in annualized volume across 200+ partners in 150+ countries. They had a customer go live on their card program in 17 days. The industry standard used to be six months.

The conversation covers becoming a non-bank principal member of Visa, the Western Union partnership, scaling from 15 to 95 people without a layoff, and why "know your agent" is the next frontier of commerce.

Presented by Altitude, banking for companies on the frontier.

Two episodes of Stabledash Live this week. Here are the best moments - click to jump straight to the timestamp on YouTube.

MoonPay (Neeraj Prasad, OWS Product) on why AI agents keep spinning up separate wallets with exposed private keys every time a new tool installs. MoonPay launched the Open Wallet Standard with 21 founding organizations including PayPal, Circle, and the Ethereum Foundation to fix it - one wallet layer across eight chain families. Watch the segment

Credit Coop (Chris Walker, Co-Founder & CEO) on onchain credit infrastructure hitting 50X volume growth in 12 months. Credit Coop finances stablecoin card issuers like Rain and Moto through programmable credit vaults - went from $3M monthly to $220-230M monthly. The conversation turned to how a $50 billion asset manager called them asking about Visa card issuers onchain. Watch the segment

SKALE Network (Dante Reminick, Head of Ecosystem Growth) on the x402 vs. MPP debate and why the industry doesn't have to pick a side. Also challenged crypto's decentralization orthodoxy head-on: "Everything should be decentralized? Absolutely not." Watch the segment

DTCC (Nadine Chakar, Managing Director & Global Head of Digital Assets) on tokenizing the $150 trillion U.S. securities market. Her "aha moment" was 3 AM on election night 2024 when she emailed the CEO: "This is it." Now deploying digital twins of Russell 1000 equities, major index ETFs, and U.S. Treasuries with 15-minute conversion between legacy and digital formats. Watch the segment

MegaETH (Amir Almaimani, Head of Special Projects) on building a real-time EVM blockchain targeting sub-millisecond block times - the throughput layer stablecoin payment apps need to feel as fast as Venmo. Watch the segment

Delos Banking (Jack Luttrell, CCO) on building a chartered digital asset bank - the regulated on-ramp institutions need to hold and move tokenized assets without touching consumer-grade custody. Watch the segment

Etherfuse (David Taylor, CEO) on tokenizing sovereign debt across seven countries as yield-bearing onchain assets - and why the timing matters now. With the CLARITY Act threatening to ban yield generation for stablecoin issuers in the U.S., Etherfuse's thesis that not everything has to run through USD rails just got a regulatory tailwind. Watch the segment

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BitGo Launches Turnkey Stablecoin Platform for Institutional Issuers

US Digital Asset Clarity Act Proposal Threatens Yield Generation for Stablecoin Issuers

CoinMarketCap Integrates x402 for Pay-Per-Request AI Data Access on Base

Dfns Secures Sole Blockchain Spot in Accenture's 2026 FinTech Incubator to Scale Wallet Infrastructure

LayerZero Goes Live on Canton Network

^{Digging into our past episodes to surface insights from founders that that are packed with value and too good to miss.}

David Taylor first appeared on Stableminded S7 in February, arguing that the assumption every country would "start to spend and operate using the dollar instead of their own currencies" was fundamentally wrong. He laid out Etherfuse's counter-thesis - sovereign debt-backed tokens denominated in local currencies.

This week, he returned to Stabledash Live with even more conviction, now tokenizing sovereign debt across seven countries with plans for 100+ by year-end. The thesis is becoming the product.

Next week we're dropping our first interviews from the Very Stable Conference - starting with Erica from Lead Bank and David from Visa Ventures. Stay tuned.

You can dive deeper into all of these stories and more on Stabledash, your single place to navigate the stablecoin industry online.

Until next time,

Stay stable

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.