Kedian Sun (Level Money) on Stablecoin Expansion in DeFi (EP.617)
Episode publishedPodcast: On The Brink with Castle Islan...On The Brink with Castle Island
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This is Wyatt from Castle Island, and today's episode of On the Brink was the first of a series on StablecoinFi, where we'll talk to leading players building stablecoin focused applications in DeFi. Today, I was joined by Kedian Sun, the founder of Level Money. Level is the issuer of LevelUSD, a DeFi native stablecoin backed by other major stablecoins including USDT and USDC, earning yield in low risk DeFi lending strategies to offer a DeFi risk free rate. LevelUSD has over $140,000,000 in supply after just over six months in market and continues to grow rapidly. Keddie and I discussed the ado
Walsh and Nick Carter are partners at Castle Island Ventures. All of these expressed by them or the guests on this podcast are solely their opinions and do not reflect the opinions of Castle Island 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 down by Bad Mortgage Investments, Lehman, which has
The Bank of England has pumped £75,000,000,000 more into Britain's ailing economy with a new round of quantitative easing. You
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.
Well, Ketian, thanks for joining. Excited to chat today. Would love to learn a little bit more about you to start if you don't mind giving a personal background and telling us a little bit about Level. Yeah.
Of course. First of all, you know, excited to be here. Thanks for having me. A little bit about myself. So I'm Ketian. I'm originally from New Zealand and came to The US for college. My background's in finance. I studied finance at Wharton, did investment banking after graduation at investment bank for Lazard here in New York for a few years, and then I worked in fintech at a company called Brex for a few years. And so, yeah, I guess my entire career is just being kind of seeing different ways of, like, money moving around, essentially. I first got involved in crypto. I think it was my senior
Talk about Level and how you guys got started. Cool.
Yes. I guess we weren't always Level. I mean, we started in the Stablecoins space in March of twenty twenty three, and it was a different name back then. I guess, like, the story of how we actually got into Stablecoins, like I said, it was March of twenty twenty three. If you remember, this was a big month for stablecoins and for crypto because that was when USDC depegged as a result of, like, the SUV collapse. And so I think that news got, like, our attention. Yeah. Because previously, we actually weren't well, everyone's obviously heard of stablecoins, probably had used them on Coinbase or o
they worked? You just trusted that they worked?
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