270: The Stablecoin Revolution with Linda Jeng | Unpacking Castle Island Ventures’ Latest Stablecoin Report
Description
Linda Jeng is the Founder and CEO of Digital Self Labs, and she joins me in exploring the evolving landscape of stablecoins. Our discussion focuses on our key takeaways from Castle Island Ventures' latest stablecoin report, 'Stablecoins: the Emerging Market Story'.
Linda shares her background in financial regulation, blockchain, and AI, and offers critical insights into how stablecoins are reshaping financial systems in emerging markets. Through a detailed analysis of the Castle Island Ventures report written with Brevan Howard Digital, the conversation reveals the growing use of stablecoins for cross-border payments, currency conversion, and as a stable store of value, reflecting their importance beyond crypto trading. We also touch on regulatory perspectives, why non-dollar stablecoin volumes are so meager, and the potential impact of Central Bank Digital Currencies (CBDCs) on the stablecoin market.
Linda Jeng, is a trailblazing leader in the digital economy through ‘shaping a self-empowered future through blockchain and AI technologies’. Digital Self Labs is a regulatory and policy advisory firm combining blockchain expertise with policy and regulatory strategy. With over 15 years of government experience, she has held key roles at institutions like the U.S. Federal Reserve, US Treasury Department, the SEC and the Bank for International Settlements. Linda is also a Visiting Scholar at Georgetown Law, a Senior Lecturing Fellow at Duke Law School, and a Bank for International Settlements Research Fellow. Her deep expertise in financial systems and her advocacy for data transparency and decentralized technology make her a pivotal figure in shaping the future of finance.
TIMESTAMPS:
02:57 Linda Jeng's Career Journey
05:36 Castle Island Ventures and ‘Stablecoins: The Emerging Market Story’
09:59 Understanding Stablecoins in Emerging Markets
14:15 The Role of Stablecoins in Global Finance
19:38 Challenges and Opportunities for Stablecoins
20:59 The Future of Stablecoins and Digital Identity
46:23 Final Thoughts and Key Takeaways
48:50 Closing Remarks and Acknowledgements
REFERENCE LINKS:
Stablecoins: The Emerging Market Story (Castle Island Ventures & Brevan Howard Digital, 12-Sep-24)
The Finternet: The financial system for the future (Bank for International Settlements, 19-Apr-24)
International Association of Deposit Insurers
Overview of the Bancor Proposal from Bretton Woods (Wikipedia)
Stablecoin companies now 16th largest holder of U.S. treasuries globally (CryptoSlate, 18-Oct-23)
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Learn more about:
-Digital Self Labs: https://www.digitalselflabs.com/
-Techstars Web3 Accelerator: https://www.techstars.com/accelerators/web3
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