January 23, 2025
This week:
Stabledash Live: First interview from Solana Breakpoint 2025 in Dubai. Meet Moto, the onchain credit card rewriting what stablecoin spending can look like
Top Story: Why Financial Institution Digital Asset Strategies Won't Scale Without Universal Asset Representation
From the Archives: Past Stableminded guests making this week's headlines
Plus: Superstate's $82.5M raise, Ondo's expansion, Toku stablecoin payroll on Polygon, KAST's Gauntlet partnership, and more
Want to get notified as soon as we press publish?
Have a story we should cover or have a project to share? Reply to this email. We're building our editorial calendar with input from builders, investors, and operators like you.
Stabledash Live from Breakpoint
This is the first interview we're releasing from Stabledash Live at Solana Breakpoint 2025 in Dubai. More conversations with founders and operators are coming soon.
Most onchain "credit cards" are debit cards in disguise.
Either your balance drops immediately, or you're taking per-purchase loans against collateral.
Moto works differently. Deposit stablecoins, spend freely, and your balance keeps earning yield for 30 days before settlement. 5% cashback. Up to 5% interest.
The first true credit product built natively on Solana.
We sat down with founder Shimon Newman for his first public interview.
He's not trying to compete with EtherFi. He's going after Amex.
Top Story

The digital asset debate has focused on blockchains and partners.
But the real constraint is operational scale.
Institutions aren’t blocked by strategy, they’re blocked by fragmented systems, delayed visibility, and vendor-locked workflows. Identical assets become operationally different depending on where they live, forcing reconciliation instead of real-time control.
Universal asset representation flips the model.
It decouples assets from ledgers, restores real-time visibility, and lets institutions operate across chains, custodians, and systems without rebuilding each time.
News Picks of the Week
Click the story to read more
Stabledash Archives
Headlines move fast. The Stableminded archives help you go deeper on the builders behind them.

Rain: The Infrastructure Behind Moto's Card
Moto chose Rain as their card issuer. In Season 6, Farooq Malik broke down how Rain scaled to $3B+ in annualized transactions and became a Visa Principal Member operating in 150+ countries.
Noble: Before the L1 Launch
Noble just announced a stablecoin-native EVM L1. CEO Jelena Djuric joined us to explain how they built the "Shopify for stablecoins" with $600M TVL and $8B in transaction volume.
KAST: He Told Us This Was Coming
Months ago, Raagulan Pathy told us KAST was building a yield product for stablecoin deposits. This week it went live: a Gauntlet partnership delivering 4-9% APY. He also broke down their premium card strategy and why they're building their own stablecoin with M0.
Wrap Up
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


