Why Stablecoins Are Crypto's Biggest Opportunity | Charlie Noyes & Bam Azizi
Episode publishedPodcast: EmpireEmpire
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But the killer app of crypto is a stablecoin, and the killer app for stablecoin is payment. So I'm excited for, day to day payment in US happens in a stablecoin and set on a stablecoin instead of credit cards, network or ACH or wire network. We are getting there. We are moving the right direction, but I hope we can get it this year. But I'm a little bit more realistic, so I think maybe it takes a couple of years to get to to that place. But I'm excited.
This episode is brought to you by ZK Sync. Join the Elastic Network today at zksync.i0/empire. Thanks to z k sync for making today's episode possible. I wanted to take a moment to tell you about Focal by FalconX, the AI powered insights engine built for institutional crypto. By leveraging AI, Focal empowers institutional investors to streamline research, anticipate market shifts, and make sharper investment decisions. You'll hear more about Focal later in the show. Alright, everyone. Welcome back to Empire. I'm still battling a little sickness from DAS, so, excuse the nasally ness. We've got,
you for having us. Yeah.
Of course. Charlie, man, I wanted to start with you, which has nothing to do with stables, actually. I I was looking for I was like, oh, I'll listen to some old podcast that Charlie or some recent podcast Charlie's done. I think it's been four years since you've done a podcast. That sounds it sounds fantastic. I don't know. I feel like the role of a crypto VC is, like, storytelling and posting on Twitter these days. What's the why why do you take more of a backseat?
You know, we hope that our role is more building things than just talking about things. So I've been taking that approach the last few years, but, no. It wasn't intentional. I think a few years ago, I felt like there was a lot to say on MEV and some of the topics that we were working at the time, and for the last few, even more heads down. Nice.
Nice. Alright. Let's talk about this mesh raise. I think I got the number right. $82,000,000 raise. So, Bam, first off, big big congrats, obviously. Maybe Charlie on the investment side, and then, Bam, I wanna hear about the story of mesh. Charlie, why is this I've when I think of, like, Paradigm's investment lens and framework, it's been more infrastructure, and you guys are, I mean, pretty notorious for leading or investing in a lot of the best, I think, crypto too.
But Yeah. We have a lot of infrastructure historically. Yeah.
What's the what's the reason for this for this mesh deal? Well,
you know, I think a lot of folks know us for the work that you're probably referencing on some of the more crypto native protocols that we've been fortunate to partner with, like Uniswap and Optimism and Flashbots, and those that are sort of more on chain crypto native. Also MakerDAO, and Reflexer, 2 decentralized stablecoins that we were pretty closely involved with a few years ago. But we've also always done more traditional looking companies. Like, a lot fewer folks know, but we also led pretty early rounds in, like, Fireblocks. We invested in Chainalysis and some of the other infrastructur
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