In this episode of Unchained, host Laura Shin interviews Vicky Fu, co-founder of Yala and former engineering director at Circle, about the recent surge in stablecoin news and developments. Vicky shares her insights on why Circle's IPO was undervalued, emphasizing its unique position in the U.S. market and its role in bridging traditional finance with the crypto world. The conversation covers the implications of Shopify and Stripe enabling USDC payments for merchants, Stripe's acquisition of Privy Wallet, and the Plasma ICO. Vicky also discusses the potential impact of upcoming stablecoin legislation and how Circle can compete with major banks entering the stablecoin space, highlighting Circle's established network effects and global support. The episode concludes with a news recap covering topics such as the SEC potentially approving Solana ETFs, Coinbase's product expansions, and BlackRock's Bitcoin ETF milestones.
