Who else is going to muscle into the issuance layer in the next twelve months? Anchorage is already dropping native USDC support so it can launch its own stablecoin. Coinbase is incentivizing non-USDC tokens despite being Circle's largest distribution partner. JP Morgan and Bank of America have not entered yet, and the moment they do, Web3 native issuers lose the only moat they had.

Is BlackRock's new tokenized treasury reserve fund a niche infrastructure filing, or the start of a $30 trillion fixed income stack on chain? Ian thinks the next stop is mortgages, then investment grade credit, then structured credit, then leverage on top of all of it. The base layer is finally here.

Tune into Episode 06 for the five-word answer to question one, the twelve-month timeline on question two, and how fast the rest of the credit curve follows.

The walled-garden version, where every major bank tokenizes its own deposits inside its own four walls, mostly produces press releases because it dresses up an existing database with blockchain language. The permissionless version is the one where BlackRock's tokenized treasury fund (BUIDL) just landed on Uniswap, where someone in Argentina can hold Nvidia stock from a wallet, and where private credit finally gets a marketplace it has never had — and it is the only one that actually rewires market structure.

Episode 05 of Money Moves is about how to tell those two apart… and why the answer is mostly a legal rewiring, not a technical one.

So, is the dollar in trouble? In Episode 3, Samantha, Ian, and Dave take the debate on directly. Ian lays out the framework he uses to test every de-dollarization claim he hears, and systematically works through why the usual candidates don’t yet hold up.

But the bigger surprise in this episode is the hidden risk to the dollar almost nobody is talking about. It’s not monetary policy. It’s not sanctions overreach. It’s something far more physical, and the U.S. is, by Ian’s own assessment, “literally nowhere” on it.

Stablecoin issuers Circle and Tether are now among the largest holders of U.S. government debt in the world. Tether alone made more money last year than Goldman Sachs.

In Episode 02, Samantha, Ian, and Dave dig into how we actually got here from the GENIUS Act finally passing on a bipartisan basis, to the White House Council of Economic Advisers openly calling out the banking lobby, to Western Union quietly launching its own stablecoin. If you spent the last cycle assuming stablecoins were a crypto sideshow, this is the episode that recalibrates.

Eighteen months ago, crypto companies in the United States could not reliably open a bank account. Today, they're entering the S&P 500, printing billion-dollar IPOs, and getting acquired by the incumbents that once wanted them regulated out of existence. That is not a gradual shift. That is a pivot, and it is the subject of the first-ever episode of Money Moves.

In our one-hour, twenty-minute launch episode, you'll get to know our digital asset experts and why the M&A flywheel, IPO window, and mainstream adoption of tokenization make this conversation so timely.