Web3 with Sam Kamani

212: Beyond USDT: Eneko from Stabolut on Launching a Fully Crypto-Backed Stablecoin

Listen Later

In this episode of Web3 with Sam Kamani, I interview Eneko, co-founder of Stabolut, live from the Emergence Conference in Prague. Stabolut is pioneering the next generation of stablecoins, launching USB, a fully decentralized, crypto-backed stablecoin that eliminates reliance on traditional financial systems.

We discuss:

  • The Problem with Traditional Stablecoins: Why reliance on banks and treasuries undermines decentralization.

  • How USB Works: A crypto-backed, delta-neutral strategy that ensures USD stability.

  • Future Roadmap: Plans to launch in Q1 2025, expand into new currencies, and develop a complete money transfer ecosystem.

  • Challenges and Trends: The impact of institutional adoption and the growing scrutiny of stablecoins by governments.

    • Eneko also shares his entrepreneurial journey, from early Bitcoin meetups to building a crypto-native financial system.

    If you’re interested in the evolution of stablecoins and decentralized finance, this episode is a must-listen.


    Key Timestamps

    [00:00:00] Introduction: Sam introduces Eneko and the topic of stablecoins, recorded live at the Emergence Conference in Prague.

    [00:01:00] Eneko’s Background:

    • From web hosting to mobile gaming to crypto entrepreneurship.

    • Early exposure to Bitcoin in 2011 and its transformative impact.

      • [00:02:00] What is Stabolut?

      • Why the world needs an alternative to bank-dependent stablecoins like USDT and USDC.

      • Introduction to USB, a stablecoin backed entirely by crypto assets.

        • [00:04:00] How USB Works:

        • Explaining the delta-neutral strategy that keeps USB pegged to the US dollar.

        • Why USB remains stable regardless of crypto price volatility.

          • [00:07:00] Challenges in Building USB:

          • Overcoming skepticism about a new stablecoin model.

          • Competing with well-established stablecoins in a global market.

            • [00:09:00] Roadmap and Vision:

            • Launching USB in Q1 2025.

            • Building a money transfer ecosystem with mobile apps for emerging markets.

            • Expanding into other currencies like EUR.

              • [00:13:00] Global Trends in Stablecoins:

              • The role of stablecoins in countries with hyperinflation.

              • Potential regulatory challenges as stablecoins grow in adoption.

                • [00:16:00] Institutional Adoption:

                • How validation from players like BlackRock is transforming crypto.

                • Predictions for institutional investments in 2025.

                  • [00:19:00] Call to Action:

                  • Stabolut’s focus on hiring top talent and raising funds to support its growth.

                  • Building partnerships to scale and promote USB globally.


                    • Connect

                    https://stabolut.com/

                    https://www.linkedin.com/company/stabolut/

                    https://x.com/stabolut

                    https://www.linkedin.com/in/enekoknorr/

                    https://x.com/enekoknorr/
                    Disclaimer

                    Nothing mentioned in this podcast is investment advice and please do your own research. Finally, it would mean a lot if you can leave a review of this podcast on Apple Podcasts or Spotify and share this podcast with a friend.
                    Be a guest on the podcast or contact us - https://www.web3pod.xyz/

                    ...more
                    View all episodesView all episodes
                    Download on the App Store
                    Web3 with Sam KamaniBy Sam Kamani