The Team Helping PayPal Enter DeFi w/ Trident Digital - Flywheel #86

In this week's episode, we have on Anthony DeMartino and Mason Vollum from Trident Digital. We were introduced to them, as they are facilitating stablecoin growth for Paypal's PYUSD, issued by Paxos. We wanted to bring them on the episode because of PYUSD's budding relationship with Frax. We learned a lot about the opportunities and difficulties of stablecoins in DeFi, the role of Trident, how they are planning to use stablecoins in Central and South America, and also how they think banks will have an "aha" moment about this new type of digital money in the next few years.Chapters00:00 Introduction03:09 Anthony and Mason's Background and Experience11:45 Their Transition to Crypto and DeFi20:26 Trident's Lending Conduit and Stablecoin Advocacy23:49 Trident's Relationship with Paxos and PayPal27:45 PayPal's DeFi Strategy and Curve as Stablecoin Pricing Center36:31 Frax's Place in the DeFi Stablecoin Ecosystem43:24 Permissioned DeFi vs. DarkFi48:03 CBDCs and the US Dollar49:30 The Impact of CBDCs on Banking and Lending50:29 CBDCs as a Standard for Stablecoins52:21 The Evolution of Payment Systems57:31 The Benefits of CBDCs and Standardization58:27 The Impact of a Bitcoin ETF01:09:10 Advice to Younger Self01:10:04 Recommended Guest for Flywheel1:12:02 Post Game