In this episode, Austin talks with Anthony, Executive Director of Wyoming’s Stable Token Commission, about how Wyoming became the first U.S. state to issue its own government-backed stablecoin. They discuss the state’s decade-long push into crypto policy, why Wyoming chose to operate digital financial infrastructure instead of just regulating it, and how the Frontier Stable Token is designed to be fully backed, legally neutral, and usable for any lawful purpose. The conversation covers constitutional safeguards around privacy and due process, how reserves generate public revenue, and why a small, agile state may be uniquely positioned to experiment with on-chain money—offering a glimpse into what the future of state finance could look like.

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In this episode, Austin chats with Santiago Roel Santos, founder of Inversion, discussing why crypto has struggled to reach mainstream adoption and what it will take to change that. Santiago explains how Inversion applies a private-equity-style model to deploy capital into real-world use cases, rather than chasing speculative cycles. He outlines why stablecoins are emerging as crypto’s strongest product-market fit, what infrastructure still needs to mature, and how regulatory clarity is shaping global distribution. The conversation also covers chain selection, the limits of “casino onboarding,” and why genuine adoption depends on building products that solve practical problems for people and businesses.

00:00 - Understanding Inversion and Its Origins

07:18 - Crypto's Consumer to Enterprise Shift

12:59 - Interoperability and Choosing the Right Blockchain

17:16 - Private Equity in a High Interest Rate Environment

20:16 - Distribution vs. Product in Crypto

25:50 - The Future of Crypto and Stablecoins

33:19 - Global Economic Power and Technology

35:51 - Crypto's Impact on Corporate Structures

40:32 - Tokenized Stocks and Market Access

48:02 - Advice for Founders in the Crypto Space

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In this episode, Austin chats with Sid Powell, co-founder and CEO of Maple Finance, to explore how institutional credit is moving on-chain. Sid breaks down how Maple has facilitated over $5 billion in loans, how it manages risk and transparency in a post–Celsius world, and what’s next for tokenized private credit. We also discuss stablecoins, regulation, and how crypto finance is maturing for the long term.

00:00 - Understanding Maple Finance

02:03 - Comparing Maple to Celsius

09:39 - Institutional Clientele

16:42 - Maple's Navigation of Different Blockchain Ecosystems

22:58 - The Case for Vertical Integration

23:57 - Challenges in Financial Services

25:12 - Crypto's Overall Growth

26:49 - The Future of Banking and Crypto Adoption

30:57 - Stablecoins and Cross-Border Payments

38:21 - Automation and Efficiency in Crypto Lending

44:00 - Conclusion

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