Stablecoin special: Zach Abrams (Bridge) and Henri Stern (Privy)
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Stablecoins are the biggest financial innovation happening right now, so I invited two experts for a pint. Zach Abrams, founder of Bridge, the leading stablecoin orchestration platform, and Henry Stern, who founded Privy, the leading crypto wallet infrastructure. Both these companies recently joined Stripe via acquisitions, and they're in the thick of helping both crypto companies and regular companies build with stablecoins.
Cheers. Yeah. Here it is. Okay.
Lots to talk about with, both Bridge and Privy. I realized with Bridge, when you started this, it was 2023. Was that like at the very nadir of the doom loop
for crypto? We started right before then. So we started right when it was interesting, which maybe made it worse.
Which is fine.
Yeah. You did not know it was going be horrible.
Was It wasn't 2023 is when we launched our APIs. 2022 is when we start Sean and I started the company and raised money. Then immediately after we raised money, Terra Luna happened. And then the whole space was nuked, and then FTX happened, it was nuked again.
Okay, so remind me of the vibes here. Like, twenty twenty two was still Like, that was pre FTX blow up?
Pre FTX, the things were going really well. It was before, like, when the Ukraine war happened, the whole sort of economy started to shift. And it was before that, VC funding was really high. And then by June, it was gone. Everywhere was Everything had Most of the space had evaporated, but especially in the crypto space. And at the time to mark this in crypto years, when we started the company, the first idea we had was using your bank account to acquire NFTs. So, it was the NFT phase of the carbon dating of the company. And that's where almost all the volume was, was NFT drops. The other thin
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