The Past, Present, And Massive Future of Stablecoins (...Trillions Coming) - Stably CEO

The Past, Present, And Massive Future of Stablecoins (...Trillions Coming) - Stably CEO

Author: Where digital assets meet capital markets. Hosted by Robbie & Andy April 7, 2026 Duration: 44:19

Kory Hoang joins this episode of Stabled Up to break down his full stablecoin taxonomy, Polymarket's new stablecoin, how stablecoins have evolved into multiple secotrs, why 'payments money' and 'savings money' can never be the same asset, how he thinks about Ethena's new backing strategy, and more.

Kory Hoang is the CEO and co-founder of Stably, one of the earliest stablecoin infrastructure companies with over eight years in the space.

The Rollup is where the leaders of digital assets and finance converge. Live from the financial capital of the world.


Timestamps

00:00 Intro

00:45 Kory's Background & Stably

04:26 The 2019 Stablecoin War

06:12 Stablecoin Taxonomy Explained

09:23 CDP & Strategy Backed Stablecoins

11:33 Athena's Hybrid Reserve Update

13:27 Risks of Strategy Backed Stablecoins

15:03 Yield vs. T-Bills Debate

18:40 Polymarket Issues Own Stablecoin

19:09 Why Every Platform Needs One

23:11 Float Income & Yield Forwarding

24:48 Just-in-Time Payments Risk?

26:39 Yield Forwarding Not Yield Bearing

29:57 Payments vs. Savings Money

30:47 Yield as a Tax on Velocity

34:35 Genius Act & Regulatory Evolution

38:23 Stablecoin Money Supply Deep Dive

42:29 M2 Multiplier: 1.13 vs. 4.21


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𝗗𝗜𝗦𝗖𝗟𝗔𝗜𝗠𝗘𝗥: 𝘐𝘯𝘷𝘦𝘴𝘵𝘪𝘯𝘨 𝘪𝘯 𝘤𝘳𝘺𝘱𝘵𝘰𝘤𝘶𝘳𝘳𝘦𝘯𝘤𝘺 𝘢𝘯𝘥 𝘋𝘦𝘍𝘪 𝘱𝘭𝘢𝘵𝘧𝘰𝘳𝘮𝘴 𝘤𝘰𝘮𝘦𝘴 𝘸𝘪𝘵𝘩 𝘪𝘯𝘩𝘦𝘳𝘦𝘯𝘵 𝘳𝘪𝘴𝘬𝘴 𝘪𝘯𝘤𝘭𝘶𝘥𝘪𝘯𝘨 𝘵𝘦𝘤𝘩𝘯𝘪𝘤𝘢𝘭 𝘳𝘪𝘴𝘬, 𝘩𝘶𝘮𝘢𝘯 𝘦𝘳𝘳𝘰𝘳, 𝘱𝘭𝘢𝘵𝘧𝘰𝘳𝘮 𝘧𝘢𝘪𝘭𝘶𝘳𝘦 𝘢𝘯𝘥 𝘮𝘰𝘳𝘦. 𝘈𝘵 𝘤𝘦𝘳𝘵𝘢𝘪𝘯 𝘱𝘰𝘪𝘯𝘵𝘴 𝘵𝘩𝘳𝘰𝘶𝘨𝘩𝘰𝘶𝘵 𝘵𝘩𝘪𝘴 𝘤𝘩𝘢𝘯𝘯𝘦𝘭, 𝘸𝘦 𝘮𝘢𝘺 𝘦𝘢𝘳𝘯 𝘢 𝘤𝘰𝘮𝘮𝘪𝘴𝘴𝘪𝘰𝘯 𝘰𝘳 𝘧𝘦𝘦 𝘢𝘴 𝘢 𝘴𝘱𝘰𝘯𝘴𝘰𝘳𝘴𝘩𝘪𝘱, 𝘪𝘧 𝘵𝘩𝘪𝘴 𝘪𝘴 𝘵𝘩𝘦 𝘤𝘢𝘴𝘦 𝘸𝘦 𝘸𝘪𝘭𝘭 𝘢𝘭𝘸𝘢𝘺𝘴 𝘮𝘢𝘬𝘦 𝘴𝘶𝘳𝘦 𝘪𝘵 𝘪𝘴 𝘤𝘭𝘦𝘢𝘳. 𝘞𝘦 𝘢𝘳𝘦 𝘴𝘵𝘳𝘪𝘤𝘵𝘭𝘺 𝘢𝘯 𝘦𝘥𝘶𝘤𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘤𝘰𝘯𝘵𝘦𝘯𝘵 𝘱𝘭𝘢𝘵𝘧𝘰𝘳𝘮, 𝘯𝘰𝘵𝘩𝘪𝘯𝘨 𝘸𝘦 𝘰𝘧𝘧𝘦𝘳 𝘪𝘴 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘢𝘥𝘷𝘪𝘤𝘦. 𝘞𝘦 𝘢𝘳𝘦 𝘯𝘰𝘵 𝘱𝘳𝘰𝘧𝘦𝘴𝘴𝘪𝘰𝘯𝘢𝘭𝘴 𝘰𝘳 𝘭𝘪𝘤𝘦𝘯𝘴𝘦𝘥 𝘢𝘥𝘷𝘪𝘴𝘰𝘳𝘴.


Tune into The Rollup for a front-row seat to the ongoing conversation where digital assets meet traditional capital markets. Hosts Robbie and Andy facilitate these essential discussions, broadcasting live from the heart of the global financial system. This isn't about abstract theories; it's where you hear directly from the people building and governing the infrastructure of this new financial frontier. Each episode pulls back the curtain on the practical realities, strategic shifts, and regulatory challenges shaping the convergence of crypto and mainstream finance. You'll get unfiltered perspectives from founders, institutional investors, and policy thinkers who are navigating this complex merger daily. The dialogue on this podcast is grounded in the expertise of its guests, offering listeners a clear-eyed view of both the immense opportunities and the significant hurdles ahead. For anyone curious about how blockchain technology is being integrated into the world's existing financial frameworks, The Rollup provides crucial context and analysis. It's a recorded chronicle of a financial evolution in progress, capturing the debates and decisions that will define the next era of markets. Find more from Robbie and Andy and dive deeper into each topic through the show's official online home.
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