A Soon-to-Be $2 Trillion Stablecoin Market? Stripe, Shopify and Banks Want In - Ep. 851

Unchained

Laura Shin

News, Tech News, Business News

4.5 • 1.3K Ratings

🗓️ 13 June 2025

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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 Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! Ledn FalconX Human Rights Foundation 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 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	I feel this is a trend similar with AI agent helps with AI technology.
0:06.6	Stable coin helps payment technology.
0:08.5	I think this is like a, we're super exciting to see this.
0:12.7	So to see this upgrade.
0:13.8	Everyone should be able to get benefits from those.
0:25.5	Hi everyone. Welcome to Unchained, your no hype resource for all things crypto. I'm your host,
0:31.1	Laura Shin. Every episode, we love to feature listener comments. Today, we have some responses to my recent two-part series with BitWise's Jeff Park. On YouTube, Gatecrasser 1 wrote,
0:36.7	I'm not putting anything past Jeff Park. This guy is both
0:39.9	smart and forthcoming in his views on Bitcoin and the effects on the future economy. Also on
0:44.8	YouTube, XXXX said, I love this guy always, watch his interviews. I don't know, it seems like he
0:50.9	genuinely wants me to win. LMAO. Most people just trying to sell you something.
0:55.8	Good episode. Watch the full episode with Jeff on YouTube or on any podcast platform.
1:00.9	And tell us what you think with a comment on YouTube, Farcaster, or X. This is the June 12th,
1:05.8	2025 episode of Unchained. Lutton is a leading platform for Bitcoin-backed loans, offering a secure and transparent
1:13.9	way to unlock liquidity without selling your Bitcoin.
1:18.1	Issuing loans since 2018 and earning over 1,000 trust-pilot reviews.
1:23.3	Learn more at leaden.io.
1:26.1	In many countries, governments freeze accounts, surveil transactions, and seize assets,
1:31.3	not just from activists, but from everyday people.
1:35.3	That's why the Human Rights Foundation created the Financial Freedom Report.
1:39.3	Sign up to receive it weekly at financial freedom report.org.
1:43.3	Imagine an AI that speaks crypto and does
	...

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