“Anchorage Digital is going to be the issuer of USCT in the United States.” – 01:09
Diogo Mónica, General Partner at Haun Ventures, joins Remy Blaire to discuss the latest developments in the world of stablecoins and tokenized equities, highlighting the significant changes in the financial landscape.
Remy begins by introducing the topic of stablecoins, noting that major companies are increasingly exploring their potential. He highlights the recent launch of USAT, Tether’s new stablecoin tailored for the U.S. market, which aims to comply with the new regulations established under the GENIUS Act. Diogo shares his insights on Anchorage Digital’s pivotal role as the issuer of USAT, emphasizing the importance of being the first federally chartered bank in the U.S. He expresses excitement about bringing Tether into a regulated environment, which he believes will enhance trust and stability in the market.
The conversation shifts to the competitive dynamics of stablecoins, with Diogo explaining the historical dominance of Tether and USDC. He discusses how the GENIUS Act requires issuers with over $10 billion in issuance to operate under federal regulation, marking a significant shift in the landscape. This regulatory framework, according to Diogo, will lead to a more structured and secure environment for stablecoins in the U.S.
Next, Remy and Diogo delve into the topic of tokenized equities, focusing on the groundbreaking achievement of GLXY, the first publicly listed U.S. equity to trade on a public blockchain. Diogo elaborates on how Galaxy and Superstate have developed the necessary infrastructure to allow publicly traded stocks to be traded on-chain while maintaining the same rights and regulations as traditional stock exchanges. He highlights the implications of this development, which enables simultaneous trading on decentralized finance (DeFi) platforms and traditional exchanges like NASDAQ, setting a new standard for the financial industry.