Web3 with Sam Kamani

256: Reinventing Stablecoins: Bundeep Singh on Pi Protocol, Tokenized Treasuries & Decentralized Yield

19 May 2025

Audio

Description

In this episode, Sam Kamani talks with Bundeep Singh Ranga, co-founder of Pi Protocol, about a new model for stablecoins. Bundeep shares how Pi separates principal and interest using tokenized US treasuries, empowering anyone to become a stablecoin minter and earn yield—without giving up liquidity. We explore why stablecoins are just getting started, what decentralization really means for finance, and how Pi Protocol plans to reach underserved markets around the globe.Key Timestamps[00:00:00] Introduction: Sam introduces Bundeep Singh and the stablecoin focus of this episode. [00:01:00] Immigrant Mindset: How being an outsider inspired Bundeep’s entrepreneurial journey. [00:03:00] Market Opportunity: Stablecoins vs. global fiat—why we’re at just 0.0002% of the addressable market[00:04:30] Birth of Pi Protocol: Solving the limitations of centralized minting by decentralizing the yield. [00:06:30] How Pi Works: Users mint stablecoins by bringing tokenized US treasuries and retain the yield. [00:08:30] The Tether Comparison: How Pi gives users what centralized stablecoins keep for themselves. [00:10:00] Breaking the Atom: Separating principal (stablecoin) from interest (yield) with smart contracts.[00:13:00] Not a Security: How Pi avoids regulatory friction while offering real utility and upside. [00:14:00] Get Involved: Testnet now live on Solana and Ethereum—how to access and contribute. [00:15:00] Global South Focus: Why unbanked and remittance-heavy markets are ripe for stablecoin adoption.[00:16:00] Closing Thoughts: Pi’s vision, open roles, and why now is the best time to join.Connecthttps://www.pi-protocol.io/#/https://www.linkedin.com/company/piprotocol/https://x.com/PiProtocolhttps://www.linkedin.com/in/rangar/https://x.com/bundeepDisclaimerNothing 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.Be a guest on the podcast or contact us - https://www.web3pod.xyz/

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256: Reinventing Stablecoins: Bundeep Singh on Pi Protocol, Tokenized Treasuries & Decentralized Yield

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

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