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Martin Carrica, cofounder of Mountain Protocol, joins us to discuss their launch of their USDM, permissionless interest-bearing stablecoin. In this episode:\\xa0

• Martin\\u2019s story and origins of his desire to create a stablecoin
• Obtaining a registered digital assets company in Bermuda
• Martin\\u2019s review of regulatory options worldwide and how they ended up in Bermuda
• How Bermuda has distinguished itself from other financial hubs in the Atlantic
• How reinsurance is like stablecoins
• What it takes to get licensed as a digital asset business in Bermuda
• How Mountain Protocol\\u2019s USDM stablecoin works
• How rebasing stablecoins work \\u2013 and how they integrate in DeFi
• How USDM differs from on-chain T bills and other interest bearing stable products
• How USDM was able to achieve a permissionless structure
• How Mountain avoids US clients
• Why the market for stablecoins is mostly ex-US
• Stablecoins as a backend for emerging market fintechs
• Different exchange rates in Argentina
• How Argentine firms use Argentine ADR stocks to manage their corporate cash
• How street moneychangers on the street in Argentina work
• Milei and the prospects for dollarization in Argentina
• The importance of a stablecoin being issued out of a bankruptcy remote structure

Disclaimer:

• USDM and other Mountain Protocol products and services are not available for U.S. persons as well as other restrictied jurisctions.\\xa0
• For more information and disclosures on Mountain Protocol, please refer to the\\xa0Terms and Conditions.