Zaheer Ebtikar

speaker

444 appearances 1 recordings 1 series first heard Jul 2026 last heard 7 Jul

Zaheer Ebtikar’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

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Talking Tokens: Crypto, Onchain Finance, Investing · Why Plasma Bet Everything on USDT When Nobody Believed in Stablecoin Chains | Zaheer Evtakar, Plasma · 7 Jul 2026 podcast

So you know the average transaction on Tron is about 200 times more expensive than Ethereum or any other chain that's fast and cheap at this point and but materially more expensive than us.

Um so we wanted to kind of upseat that uh to start with.

Um but what we also recognized um is that we also need competition, right, when when it comes to stable coins as well.

So there's gonna be other people that

that you know deploy on plasma uh and you know open open usd is one of them um but that we need to be able to interact with a variety of stable coins because people have different use cases.

So even on Plasma One today, um USDT is the focus, it is the largest, it is the one that we care about the most.

But at the same time we still have USDC as a deposit address uh within Plasma One.

Um and that's a very deliberate design choice to be able to facilitate as many different users

types as possible.

Yep.

We have a very good relationship with Visa as a partner.

Um there are our card issuers, so from Plaza One side we already have an existing relationship uh with Visa.

And for us it's a very clear with very narrow but very clear d delineation between a financial institution like a bank and a uh payment company like Visa.

And this is much more payment company led than it is a financial institution led kind of uh

initiative.

And the the real d differentiation here is that, you know, Visa, MasterCard, these kind of players, they don't actually care about having the underlying balance and collecting the yield in the same way.

They care about settlement times.

They care about speed of transaction.

They care about making sure that their dollar is like, you know, as elastic as possible.

So for us this obviously made a lot of sense.

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