212: Beyond USDT: Eneko from Stabolut on Launching a Fully Crypto-Backed Stablecoin

Web3 with Sam Kamani

In this episode of Web3 with Sam Kamani, I interview Eneko, co-founder of Stabolut, live from the Emergence Conference in Prague. Stabolut is pioneering the next generation of stablecoins, launching USB, a fully decentralized, crypto-backed stablecoin that eliminates reliance on traditional financial systems.

We discuss:

• The Problem with Traditional Stablecoins: Why reliance on banks and treasuries undermines decentralization.

• How USB Works: A crypto-backed, delta-neutral strategy that ensures USD stability.

• Future Roadmap: Plans to launch in Q1 2025, expand into new currencies, and develop a complete money transfer ecosystem.

• Challenges and Trends: The impact of institutional adoption and the growing scrutiny of stablecoins by governments.

Eneko also shares his entrepreneurial journey, from early Bitcoin meetups to building a crypto-native financial system.

If you’re interested in the evolution of stablecoins and decentralized finance, this episode is a must-listen.

Key Timestamps

[00:00:00] Introduction: Sam introduces Eneko and the topic of stablecoins, recorded live at the Emergence Conference in Prague.

[00:01:00] Eneko’s Background:

• From web hosting to mobile gaming to crypto entrepreneurship.

• Early exposure to Bitcoin in 2011 and its transformative impact.

[00:02:00] What is Stabolut?

• Why the world needs an alternative to bank-dependent stablecoins like USDT and USDC.

• Introduction to USB, a stablecoin backed entirely by crypto assets.

[00:04:00] How USB Works:

• Explaining the delta-neutral strategy that keeps USB pegged to the US dollar.

• Why USB remains stable regardless of crypto price volatility.

[00:07:00] Challenges in Building USB:

• Overcoming skepticism about a new stablecoin model.

• Competing with well-established stablecoins in a global market.

[00:09:00] Roadmap and Vision:

• Launching USB in Q1 2025.

• Building a money transfer ecosystem with mobile apps for emerging markets.

• Expanding into other currencies like EUR.

[00:13:00] Global Trends in Stablecoins:

• The role of stablecoins in countries with hyperinflation.

• Potential regulatory challenges as stablecoins grow in adoption.

[00:16:00] Institutional Adoption:

• How validation from players like BlackRock is transforming crypto.

• Predictions for institutional investments in 2025.

[00:19:00] Call to Action:

• Stabolut’s focus on hiring top talent and raising funds to support its growth.

• Building partnerships to scale and promote USB globally.

Connect

https://stabolut.com/

https://www.linkedin.com/company/stabolut/

https://x.com/stabolut

https://www.linkedin.com/in/enekoknorr/

https://x.com/enekoknorr/
Disclaimer

Nothing mentioned in this podcast is investment advice and please do your own research. Finally, it would mean a lot if you can leave a review of this podcast on Apple Podcasts or Spotify and share this podcast with a friend.
Be a guest on the podcast or contact us - https://www.web3pod.xyz/