Sheldon from P2P joins 8bitpenis to explain why a startup backed by Multicoin and Coinbase Ventures chose MetaDAO over another VC round.

The answer is about regulatory survival. P2P operates in India, Brazil, Argentina, and Indonesia — markets without clear regulatory frameworks for crypto on/off ramps. Decentralizing ownership to 50,000+ token holders across 50 countries isn't ideological. It's structural protection.

The conversation covers how P2P actually works (USDC settlement over UPI, Pix, and PromptPay in under 90 seconds), how they prevent fraud with zkKYC and an AI fraud engine, how the spread-based revenue model works market by market, and what the Circles of Trust token model means for global expansion.

If you've wondered why stablecoins were built for emerging markets and not the US — this episode explains it clearly.

Hosted by 8bitpenis. Produced by Blockformer. Sponsored by MetaDAO.