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On this week’s Blockcast, we speak with Luca Prosperi, co-founder and CEO at M^0 Labs, whose man-bun and genial personality belies battle scars from almost 2 decades of traditional banking, helping to build MakerDAO and, a health scare. Luca dissects the concept of money creation and some of the foundations behind M^0’s quest to build infrastructure for a crypto dollar.
Privately issued stablecoins are the OG of tokenised assets and have largely been a game-changer for crypto markets. The success of stablecoin issuers like Tether and Circle boil down to the inherent utility of stablecoins, which provide a fast, affordable and borderless way of transferring value. While this process of using crypto rails for money transfer is an exponential leap in efficiency and speed, it still fundamentally relies on legacy money infrastructure to function.
Join us as we dive into how M^0 is gearing up to be an infrastructure layer that goes beyond wrapping real-world bank deposits or assets as a cryptographic token.
Watch out, stablecoins - monetary stack reinvention incoming.
*Episode is filmed during Token2049 week.
🎙️ Hey there, Blockcast listeners! 🎙️
Before you dive deep into the crypto chaos, here's a little heads-up from your pals at Blockhead. While we love unraveling the blockchain tapestry and sharing our findings, remember, our chats are just that—chats. They're not financial blueprints or crystal balls. So, whether you're a crypto veteran or just dipping your toes, always do your own research and consult with a pro before making any financial moves. After all, in the world of crypto, it's always best to take things with a pinch of satoshi... or salt. Dive in responsibly! 🚀🧂
