Stablecoins are having a moment.
From Stripe’s acquisition of crypto wallet startup Privy, to Shopify integrating USDC, to Plasma raising $500 million for its stablecoin-optimized sidechain, stablecoins are having a moment. And at the center of it all is Circle, which had one of the most successful IPOs in decades.
But what’s really happening under the surface? And who’s best positioned as stablecoins go mainstream?
Vicky Fu, co-founder at Yala and former engineering director at Circle, joins Unchained to explain:
How she saw Circle as deeply undervalued before the IPO buzz
What Stripe’s crypto moves signal for the broader market
Why retail payments could become stablecoins’ breakout use case
How network effects give Circle a serious edge, even as banks circle the space
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Guest
Vicky Fu, co-founder at Yala
Links
Unchained: GENIUS Stablecoin Bill Advances in U.S. Senate
Bloomberg: Bessent Says $2 Trillion Reasonable for Dollar Stablecoin
The Block: Payment giant Stripe to buy crypto wallet firm PrivyMarket
Payment giant Stripe to buy crypto wallet firm Privy
CoinDesk: Crypto startup Plasma’s XPL Token Sale Hits $500M as Investors Chase Stablecoin Plays
The Block: Plasma doubles its deposit cap, clarifies it is eyeing $50M public sale at $500M FDV
Reuters: Societe Generale becomes first major bank to launch dollar-pegged stablecoin
The Information: Financial Markets Giant DTCC Explores a Stablecoin
Timestamps:
🎬 0:00 Intro
🔍 2:40 Why Vicky believed Circle was deeply mispriced BEFORE the IPO hype
🏗️ 11:336 How Circle’s quiet infrastructure play is more powerful than it looks
🛒 17:40 Why the Shopify–USDC integration could be a turning point
💼 19:14 What Stripe’s acquisition of Privy signals
🔥 23:42 What the Plasma ICO reveals about surging interest in the sector
🏦 29:50 Whether crypto-native issuers can really compete with banks entering the stablecoin race
📰 34:10 Weekly News Recap
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