Web3 with Sam Kamani

151: Navigating the World of RWA-Backed Stable Coins: An In-Depth Discussion with guest speaker - Ben Shyong from Anzen Finance

01 Jul 2024

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Description

In this episode of the Web3 with Sam Kamani podcast, we dive deep into the innovative world of stable coins with Ben from Anzen Finance. Anzen Finance is pioneering a unique approach to stable coins by backing them with real-world assets (RWAs) such as private credit notes. Ben explains how this method offers stability and higher yields compared to traditional stable coins. We explore the risks and rewards of RWAs, the future of stable coins, and exciting trends in the DeFi space. Ben also shares his journey into crypto, the challenges of building in Web3, and valuable insights for other founders. If you're interested in stable coins, RWAs, or the future of DeFi, this episode is a must-listen! Key Learnings [00:00:00] Introduction to secure debt private credit notes and their role in the economy. [00:00:20] Comparison between public bonds and private credit for companies not large enough to issue public bonds. [00:01:24] Overview of Anzen Finance's stable coin backed by RWAs and its benefits. [00:02:26] Importance of stability in crypto assets and how Anzen Finance addresses this with diversified collateral. [00:03:10] Use cases for Anzen Finance's stable coin in transacting value and obtaining higher returns. [00:04:28] Ben’s journey into crypto starting from 2014, highlighting early adoption and use of Bitcoin blockchain. [00:06:11] Discussion on the necessity of stable coins for business transactions due to volatility in other cryptos. [00:07:34] Detailed explanation of how RWAs work and their potential in the finance sector. [00:10:09] Explanation of the types of assets backing Anzen Finance's stable coin and the expected yields. [00:14:17] Transparency measures and compliance processes at Anzen Finance for ensuring user trust. [00:17:01] Insight into Anzen Finance’s diversified asset portfolio and its importance for security. [00:20:03] Challenges of building in Web3 and managing multiple moving pieces. [00:23:15] Future plans for Anzen Finance including partnerships and multi-chain expansion. [00:26:05] Other projects in the Web3 space that are building exceptional products and innovating in the sector. [00:28:38] Discussion on the challenges and potential of RWA tokenization and its future impact. Disclaimer Nothing mentioned in this podcast is investment advice and please do your own research. Finally, it would mean a lot if you can leave a review of this podcast on Apple Podcasts or Spotify and share this podcast with a friend. Connect with Ben and Anzen here - Website (https://anzen.finance/) - Twitter (https://x.com/anzenfinance) - Discord (https://discord.gg/anzen) - Telegram Community (https://t.me/AnzenCommunity) Be a guest on the podcast or contact us - https://www.web3pod.xyz/

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Web3 with Sam Kamani

Web3 with Sam Kamani

151: Navigating the World of RWA-Backed Stable Coins: An In-Depth Discussion with guest speaker - Ben Shyong from Anzen Finance

This episode hasn't been transcribed yet

Other episodes from Web3 with Sam Kamani

349: Inside Openfort: Fixing Wallets, Crypto UX and Privacy, and the Road to 2026 with Guest Speaker Joan Alavedra

336: BeToken’s Albert Prat on Tokenizing E-commerce Equity and Scaling to €100M

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