Bernardo Bilotta (Stables Money) on Stablecoin Fintech in APAC (EP.640)
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Today, I sat down with Bernardo Bilotta, founder of Stables Money. Stables allows users globally to save and spend money in stablecoins with a focus on Asia Pacific regions. Bernardo started stables in early twenty twenty one back when the total supply of stablecoins was only about $50,000,000,000 a mere 20% of today's $250,000,000,000 total supply. He and the team built and launched the application with the goal of offering a dollar savings account to those who may be seeking alternatives to savings exclusively in their local currency, a theme we've discussed often on this podcast. And this a
Walsh and Nick Carter are partners at Castle Island Ventures. All these expressed by them or the guests on this podcast are solely their opinions and do not reflect the opinions of Castle Island Ventures. Guests and those may maintain positions in the assets discussed in this podcast. You should not treat any opinion expressed by anyone on this podcast as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of their personal opinion. This podcast is for informational purposes only. Brought
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print a couple trillion dollars and all of a sudden, people start to worry. So out of this worry, we have something called the Bitcoin Bitcoin. Bernie, thanks for coming on. Who uses stables? Who does it serve today? Who's your audience? Stables
really serves, I say, predominantly two different type of user demographic. Firstly, individuals. You can think of them as crypto native. So, like, people that already have Stablecoins understand the benefit of all these Stablecoins and using them on chain, and they wanna kind of utilize them to the real world. And cryptagnostics are, you know, people that they have come about Stablecoins out of necessity rather than, you know, by being constantly chronically online. And, also, we're servicing businesses. So on the business vertical, it's almost something that we stumble on by mistake. You kno
Yeah. It's unexpected product market fit.
Right. People or individuals and businesses, they go through unnecessary pain to go and solve a problem. We go and talk to these folks, and they're like, hey. We're actually a business, and we're utilizing the platform for these use cases. And what it really, I'd say, transpires there, it's almost like there is a platform on arbitration rather than regulatory and compliance arbitration, which basically means that these people realize that stablecoins are way better to go and run their business operation on transaction. And they just need a platform that allows them to go from stablecoin into l
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