Our Host @sytyalor with guest @ccatalini and cohost @cusysheffield on on why banks saw private stablecoins as adversarial - and the case for neutral infrastructure.⁣ ⁣ "I think a lot of the, oh, we don't like stablecoins, was because of private issuers."⁣ ⁣ "Circle and Tether will continue, I think, to play a massive role in the ecosystem. And they've made huge strides for innovation, and they'll continue to do so. But there are still some very large financial institutions that see that as adversarial."⁣ ⁣ "The feature of OpenUSD, I think, is this neutral entity that is doing everything it can to give away as much of the economics as possible and incentivizing as many participants as possible in the reserve sharing."⁣ ⁣ "The most excited feedback I got was redeeming a pop. One to one redemption for stablecoins and USD. A dollar is a dollar. It should work like that."⁣ ⁣ The pitch is not fewer fees, it is removing the need to hedge against a stablecoin moving against the dollar at all.⁣ ⁣ 🎙 Listen to the latest episode on Tokenizedpod(dot)com