May 5th, 2025

Lee and Jimmie discuss "controversy" over Base's memecoin, Coinbase offering BTC margin loans, the impact of stablecoins on the Treasury market, Paypal's new stablecoin partnership with Coinbase, and Ripple's unsolicited bid to buy Circle. Lee's X: @leereiners Jimmie's X: @jimmie_lenz Related Links: Coinbase distances Base from highly criticized memecoin that dumped $15M Crypto-Backed Loans Interoperability of Blockchain Systems and the Future of Payments - Liberty Street Economics TBACCharge2Q22025.pdf SEC Ditches PayPal's PYUSD Probe, Removing Key Regulatory Hurdle for Its Stablecoin Coinbase and PayPal to advance stablecoin payments Coinbase waives fees on PayPal's stablecoin in crypto payments push | Reuters Ripple $4B-$5B bid to purchase Circle rejected — Report

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