Hyperliquid’s Stablecoin Showdown, Coinbase’s Wallet Shutdown, India’s Regulatory Holdup, and Africa’s Crypto Speedup | September 11, 2025
Description
Hyperliquid’s contest to crown a homegrown stablecoin heats up as Stripe-backed Bridge, Paxos, and Circle compete for control of the USDH ticker (1:18 ). Coinbase winds down its Web3 Wallet feature, causing real losses for users who misunderstood custody (3:00 ). India signals it will delay new legislation, reflecting regulators’ caution as the U.S. and other countries press forward (4:31 ). And Chainalysis data shows Sub-Saharan Africa surging with grassroots adoption and retail demand (6:18 ).
More on stories and articles discussed or referenced in this episode:
Groshong, Chris. “Coinbase Users Lose Access to Crypto...The Web3 Wallet Shutdown.” Forbes, 10 September 2025, https://www.forbes.com/sites/chrisgroshong/2025/09/10/coinbase-users-lose-access-to-cryptothe-web3-wallet-shutdown/.
Ohri, Nikunj and Sarita Chaganti Singh. “Exclusive: India Resists Full Crypto Framework, Fears Systemic Risks, Document Shows.” Reuters, 10 September 2025, https://sg.finance.yahoo.com/news/exclusive-india-resists-full-crypto-081829131.html.
“Sub-Saharan Africa Emerges as Third-Fastest Growing Crypto Region with Strong Retail Activity.” Chainalysis Blog, 10 September 2025, https://www.chainalysis.com/blog/subsaharan-africa-crypto-adoption-2025/.
Weiss, Ben. “Crypto Companies Are Fighting in a ‘Bachelor’-Style Frenzy to Launch a Stablecoin that Will Power DeFi’s Hottest Exchange.” Fortune, 10 September 2025, https://www.aol.com/articles/crypto-companies-fighting-bachelor-style-191603895.html.
The music in this episode was composed by Liborio Conti, and you can find more of his fantastic work at his YouTube page: https://www.youtube.com/liborioconti.
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