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BUILDING STABLECOINS ERA + CONGRESSIONAL FRAMEWORK PASSES

S4 of Stableminded, Building Stablecoins Recap from Builders like Wormhole and Kast + Congress passes America's first comprehensive stablecoin framework, covered on our new show The Daily Yield

Author

Zach Fowler
July 18, 2025

BUILDING STABLECOINS

We've been deep in the trenches—producing Season 4, launching The Daily Yield, expanding our platform. Time to share what we've produced in the last few weeks.

Season 4 of Stableminded documented the real-time construction of custom stablecoin infrastructure reshaping how money moves digitally. Five conversations. One central thesis: companies are moving from integrating existing stablecoins to building their own.

Clear implications for anyone building, funding, or regulating this space.

BEYOND INTEGRATION

Season 4 explored a fundamental shift: What happens when companies stop integrating existing stablecoins and start building their own?

This season was powered by M0, and their infrastructure is foundational to enabling this transition—allowing companies to issue branded stablecoins with programmable economics rather than simply accepting USDC or USDT. This isn't theoretical. Five builders demonstrated how custom stablecoin infrastructure creates new business models, revenue streams, and user experiences impossible with traditional integration approaches.

To dive into M0 and how to build a stablecoin, be sure to watch Episode 1 of Season 4 below:

SEASON 4 RECAP

Rob revealed why USDC once had five broken versions on Solana and how that disaster shaped Circle's CCTP strategy. With 50% of stablecoin volume flowing through Wormhole, he shared their zero-fee strategy today and how they'll monetize networks wanting to join tomorrow. Plus: how 6-second cross-chain transfers are now possible.

Noble processed $8B in transaction volume while supporting multiple issuers through their composable infrastructure. Jelena walked through their USDN launch and "composable yield" model—letting applications redirect treasury returns to themselves or users.

After Terra's $40B collapse, Pierre built Usual to $600M TVL using lessons learned about collateral design. He explained why treasury-backed stablecoins survived SVB while others didn't, his governance approach to gaming community speculation, and his prediction that no single stablecoin will reach $10T dominance.

Raagulan shared hard-won lessons from scaling globally, including surviving a 20K+ SMS fraud attack. He outlined Kast's two-part strategy (custodial fintech + non-custodial DeFi) with M0-powered branded stablecoins and delivered a blunt warning: don't build stablecoins for treasury economics alone.

Kirt outlined the opportunity for Playtron to capture a portion of the $200B gaming transaction volume with Game Dollar and custom gaming hardware. Drawing from his experience building Boost Mobile to 8M customers, he shared lessons from ESPN Mobile's $150M failure and why web3 gaming failed by prioritizing financialization over fun.

NEW SHOW: THE DAILY YIELD

Daily stablecoin news hosted by Drew Rogers

Perfect for your morning commute. We launched during the biggest week in stablecoin legislative history:

  • Congress passes the GENIUS Act + 2 other major stablecoin bills

  • America's first comprehensive digital dollar framework

  • Citigroup CEO announces they're considering their own stablecoin on earnings call

  • Wyoming successfully pilots paying contractors in seconds instead of 45 days

No fluff. No hype. Just the stablecoin news that actually moves markets and shapes the future of money movement.

Watch on Youtube, Spotify and X

LOOKING AHEAD

Stablecoin building infrastructure is no longer emerging—it's deploying at scale. Our role remains consistent: navigate complexity, predict implications, ensure our community captures signal over noise.

Season 4 reveals the tactical blueprint. The Daily Yield tracks real-time execution.

More navigation tools ahead: enhanced directory, data analytics platform, Stabledash Live, and additional Stableminded seasons designed to guide you through the growing stablecoin ecosystem's.

It’s only the beginning.

Until next time, stay stable

PS have you signed up for access to stabledash.com?

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