Stablecoins are moving toward app-specific dollars. Apps, wallets, and fintechs are launching their own dollars, taking control over the economics, rewards, and user-retention loops behind their products. In this episode, we discussed this evolution with @laert and how @m0 is helping to drive it. 0:00 - Intro 2:38 - What M0 does 4:28 - USDC/USDT scale vs app-specific dollars 6:25 - Avoiding stablecoin liquidity fragmentation 09:42 - Who M0 is built for? 15:20 - Why should businesses launch with M0? 18:00 - Who should earn stablecoin reserve rewards? 23:25 - Why issuer flexibility matters for stablecoins? 25:00 - The future of money 31:03 - The platformisation of money 32:20 - Machine economy and AI agents 34:21 - Could agents move deposits out of banks?