Ye Launches a Meme Coin, SWIFT Experiments with Blockchain, China Reconsiders Its Stablecoin Stance, and Nigeria Deports Dozens of Crypto Scammers | August 22, 2025
Description
Ye launches a meme coin on Solana, YZY Money, backed by an entire financial ecosystem (1:27 ). Plus: SWIFT explores blockchain rails with Ripple and Hedera (3:02 ), China eyes a stablecoin strategy to internationalize the yuan (5:06 ), and Nigeria ramps up cybercrime crackdowns with mass deportations (6:35 ).
This is your essential update on the forces shaping what’s next in money.
More on stories and articles discussed or referenced in this episode:
Aydelotte, Bato. “Kanye West Steps into Cryptocurrency with YZY Token, Raising Hype—and Questions.” Hot 97, 21 August 2025, https://www.hot97.com/news/kanye-west-steps-into-cryptocurrency-with-yzy-token-raising-hype-and-questions/.
“Exclusive-China Considering Yuan-Backed Stablecoins to Boost Global Currency Usage, Sources Say.” Reuters, 21 August 2025, https://finance.yahoo.com/news/exclusive-china-considering-yuan-backed-115355632.html.
Muchai, Florence. “SWIFT Is Testing XRP and HBAR for Blockchain-Based Cross-Border Payments.” Cryptopolitan, 21 August 2025, https://www.cryptopolitan.com/swift-testing-xrp-hbar-blockchain-payments/.
“Nigeria Deports 60 Chinese, 39 Filipino Convicted in Crypto Romance Scams.” Al Jazeera, 22 August 2025, https://www.aljazeera.com/news/2025/8/22/nigeria-deports-60-chinese-39-filipino-convicted-in-crypto-romance-scams.
Saponara, Michael. “Ye Launches Yeezy Money Meme Coin Cryptocurrency: ‘A New Economy, Built on Chain’.” Billboard, 21 August 2025, https://www.billboard.com/business/business-news/kanye-west-yeezy-money-meme-coin-launch-1236049036/.
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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