How to Build a Non USD Stablecoin

on YouTube ↗17m

" summary

Loon launches a Canadian dollar stablecoin in 2021 and captures about two‑thirds of the domestic market, claiming CADC runs roughly a $2 million market cap yet processes $500 million in transactions annually. The playbook is to decouple fiat on‑off ramps from FX so issuers become ramps while separate providers handle currency conversion, lowering onboarding costs. Built infrastructure includes integration with domestic rails like Pix and UPI, but liquidity and convincing major market makers remain the hardest unsolved problems.

AI-written summary · about

" chapters (35)

1. 0:00Introduction
2. 0:11Meet Loon and CADC
3. 0:44Why Not Everyone Uses the US Dollar
4. 1:06Kevin's Background in Crypto
5. 1:34Launching the First Canadian Dollar Stablecoin
6. 1:58Mapping Stablecoins Around the World
7. 2:32Latin America's Local Stablecoin Boom
8. 2:55Toward a Network of Stablecoins
9. 3:27The US Dollar Stablecoin Playbook
10. 3:51Why AUM Is a Race to Zero
11. 4:34Why the Yield Model Is Unsustainable
12. 5:08Decoupling On-Off Ramps From FX
13. 5:41The Core Principles of Building a Stablecoin
14. 6:27Regulation in Canada and Beyond
15. 7:08MiCA, Clarity Act, and the UK
16. 7:31Why Monetary Sovereignty Matters
17. 7:52Escaping US Monetary Supremacy
18. 8:46Why Politics Plays a Big Part
19. 9:14The Gensler Era and Its Aftermath
20. 9:41Why Trusted Infrastructure Is Critical
21. 10:09Why Efficient On-Off Ramps Hold the Peg
22. 10:32Connecting Domestic Payment Rails Like Pix and UPI
23. 10:58Catering to Local Geography
24. 11:41Why Liquidity and Market Making Is the Hardest Part
25. 12:10Convincing the Biggest Market Makers
26. 12:32Toward a 24/7 Always-On FX Market
27. 13:04Disintermediating SWIFT and the Banks
28. 13:42Velocity of Money as the Biggest Opportunity
29. 14:05How CADC Did $500 Million on $2 Million AUM
30. 14:53Why FX Is the Cornerstone
31. 15:17The Non-USD Playbook Recap
32. 15:41The Bridge Acquisition Circle Missed
33. 16:12Why Circle Should Own Its On-Off Ramps
34. 16:37Building the Future Non-USD Stablecoin Network
35. 17:00Closing

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