Martin Carrica, cofounder of Mountain Protocol, joins us to discuss their launch of their USDM, permissionless interest-bearing stablecoin. In this episode:

Martin’s story and origins of his desire to create a stablecoin
Obtaining a registered digital assets company in Bermuda
Martin’s review of regulatory options worldwide and how they ended up in Bermuda
How Bermuda has distinguished itself from other financial hubs in the Atlantic
How reinsurance is like stablecoins
What it takes to get licensed as a digital asset business in Bermuda
How Mountain Protocol’s USDM stablecoin works
How rebasing stablecoins work – and how they integrate in DeFi
How USDM differs from on-chain T bills and other interest bearing stable products
How USDM was able to achieve a permissionless structure
How Mountain avoids US clients
Why the market for stablecoins is mostly ex-US
Stablecoins as a backend for emerging market fintechs
Different exchange rates in Argentina
How Argentine firms use Argentine ADR stocks to manage their corporate cash
How street moneychangers on the street in Argentina work
Milei and the prospects for dollarization in Argentina
The importance of a stablecoin being issued out of a bankruptcy remote structure

Disclaimer:

USDM and other Mountain Protocol products and services are not available for U.S. persons as well as other restrictied jurisctions.
For more information and disclosures on Mountain Protocol, please refer to the Terms and Conditions.

Martin Carrica (Mountain Protocol) on creating an interest-bearing stablecoin (EP. 450)

On The Brink with Castle Island

Martin Carrica (Mountain Protocol) on creating an interest-bearing stablecoin (EP. 450)