How Codex is Taking Over The $7 Trillion FX Market with Haonan Li

How Codex is Taking Over The $7 Trillion FX Market with Haonan Li

Stablecoin FX is broken. It's expensive, slow, and built on outdated hierarchies.

Haonan Li from Codex explains how crypto rails can flatten these costs and why developing markets, not dollar-euro pairs, are where the real opportunity lies.

He breaks down the "Griffin company" approach blending crypto-native tactics with traditional fintech knowledge.

We cover:

- Why Stablecoin FX Is Still Stuck in Trad Finance Mode

- The $1B Volume Milestone & Path to Scale

- Developing Markets: The Real Opportunity

- Regional Stablecoins: Speculation vs. Utility

- The "Griffin Company" Advantage

- Stablecoin Regulation: Banks vs. Crypto Players

- Will Yield on Stablecoins Survive DC Politics?

The Rollup


Timestamps:

00:00 Intro

00:10 Frax Ad & Intro

00:37 Codex Update: $1B+ Volume

02:29 What Is Stablecoin FX?

03:08 Traditional FX's Hierarchical Problem

05:48 Why Crypto Rails Change Everything

06:36 Who's Using Codex Today?

08:14 The Path to Liquidity & Scale

10:07 Crypto's Payment Graveyard Problem

10:21 Hibachi, Trezor, YEET Ads

11:21 Griffin Companies: Crypto + TradFi DNA

17:26 Regional Stablecoin Thesis

20:48 FX Speculation vs. Real Use Cases

22:37 infiniFi, Hlaliday, Kalshi Ads

24:58 Off-Ramp Economics Explained

27:00 Tether's US80 & Regional Strategy

28:29 Stablecoin Regulation Drama

32:28 Yield Debate: Banks vs. Issuers

36:46 Who Benefits From Zero Interest?

39:14 Next Fed Chair Impact


Website: https://therollup.co/

Spotify: https://open.spotify.com/show/1P6ZeYd...

Podcast: https://therollup.co/category/podcast

Follow us on X: https://www.x.com/therollupco

Follow Rob on X: https://www.x.com/robbie_rollup

Follow Andy on X: https://www.x.com/ayyyeandy

Join our TG group: https://t.me/+TsM1CRpWFgk1NGZh

The Rollup Disclosures: https://goodidea.ventures


๐——๐—œ๐—ฆ๐—–๐—Ÿ๐—”๐—œ๐— ๐—˜๐—ฅ: ๐˜๐˜ฏ๐˜ท๐˜ฆ๐˜ด๐˜ต๐˜ช๐˜ฏ๐˜จ ๐˜ช๐˜ฏ ๐˜ค๐˜ณ๐˜บ๐˜ฑ๐˜ต๐˜ฐ๐˜ค๐˜ถ๐˜ณ๐˜ณ๐˜ฆ๐˜ฏ๐˜ค๐˜บ ๐˜ข๐˜ฏ๐˜ฅ ๐˜‹๐˜ฆ๐˜๐˜ช ๐˜ฑ๐˜ญ๐˜ข๐˜ต๐˜ง๐˜ฐ๐˜ณ๐˜ฎ๐˜ด ๐˜ค๐˜ฐ๐˜ฎ๐˜ฆ๐˜ด ๐˜ธ๐˜ช๐˜ต๐˜ฉ ๐˜ช๐˜ฏ๐˜ฉ๐˜ฆ๐˜ณ๐˜ฆ๐˜ฏ๐˜ต ๐˜ณ๐˜ช๐˜ด๐˜ฌ๐˜ด ๐˜ช๐˜ฏ๐˜ค๐˜ญ๐˜ถ๐˜ฅ๐˜ช๐˜ฏ๐˜จ ๐˜ต๐˜ฆ๐˜ค๐˜ฉ๐˜ฏ๐˜ช๐˜ค๐˜ข๐˜ญ ๐˜ณ๐˜ช๐˜ด๐˜ฌ, ๐˜ฉ๐˜ถ๐˜ฎ๐˜ข๐˜ฏ ๐˜ฆ๐˜ณ๐˜ณ๐˜ฐ๐˜ณ, ๐˜ฑ๐˜ญ๐˜ข๐˜ต๐˜ง๐˜ฐ๐˜ณ๐˜ฎ ๐˜ง๐˜ข๐˜ช๐˜ญ๐˜ถ๐˜ณ๐˜ฆ ๐˜ข๐˜ฏ๐˜ฅ ๐˜ฎ๐˜ฐ๐˜ณ๐˜ฆ. ๐˜ˆ๐˜ต ๐˜ค๐˜ฆ๐˜ณ๐˜ต๐˜ข๐˜ช๐˜ฏ ๐˜ฑ๐˜ฐ๐˜ช๐˜ฏ๐˜ต๐˜ด ๐˜ต๐˜ฉ๐˜ณ๐˜ฐ๐˜ถ๐˜จ๐˜ฉ๐˜ฐ๐˜ถ๐˜ต ๐˜ต๐˜ฉ๐˜ช๐˜ด ๐˜ค๐˜ฉ๐˜ข๐˜ฏ๐˜ฏ๐˜ฆ๐˜ญ, ๐˜ธ๐˜ฆ ๐˜ฎ๐˜ข๐˜บ ๐˜ฆ๐˜ข๐˜ณ๐˜ฏ ๐˜ข ๐˜ค๐˜ฐ๐˜ฎ๐˜ฎ๐˜ช๐˜ด๐˜ด๐˜ช๐˜ฐ๐˜ฏ ๐˜ฐ๐˜ณ ๐˜ง๐˜ฆ๐˜ฆ ๐˜ข๐˜ด ๐˜ข ๐˜ด๐˜ฑ๐˜ฐ๐˜ฏ๐˜ด๐˜ฐ๐˜ณ๐˜ด๐˜ฉ๐˜ช๐˜ฑ, ๐˜ช๐˜ง ๐˜ต๐˜ฉ๐˜ช๐˜ด ๐˜ช๐˜ด ๐˜ต๐˜ฉ๐˜ฆ ๐˜ค๐˜ข๐˜ด๐˜ฆ ๐˜ธ๐˜ฆ ๐˜ธ๐˜ช๐˜ญ๐˜ญ ๐˜ข๐˜ญ๐˜ธ๐˜ข๐˜บ๐˜ด ๐˜ฎ๐˜ข๐˜ฌ๐˜ฆ ๐˜ด๐˜ถ๐˜ณ๐˜ฆ ๐˜ช๐˜ต ๐˜ช๐˜ด ๐˜ค๐˜ญ๐˜ฆ๐˜ข๐˜ณ. ๐˜ž๐˜ฆ ๐˜ข๐˜ณ๐˜ฆ ๐˜ด๐˜ต๐˜ณ๐˜ช๐˜ค๐˜ต๐˜ญ๐˜บ ๐˜ข๐˜ฏ ๐˜ฆ๐˜ฅ๐˜ถ๐˜ค๐˜ข๐˜ต๐˜ช๐˜ฐ๐˜ฏ๐˜ข๐˜ญ ๐˜ค๐˜ฐ๐˜ฏ๐˜ต๐˜ฆ๐˜ฏ๐˜ต ๐˜ฑ๐˜ญ๐˜ข๐˜ต๐˜ง๐˜ฐ๐˜ณ๐˜ฎ, ๐˜ฏ๐˜ฐ๐˜ต๐˜ฉ๐˜ช๐˜ฏ๐˜จ ๐˜ธ๐˜ฆ ๐˜ฐ๐˜ง๐˜ง๐˜ฆ๐˜ณ ๐˜ช๐˜ด ๐˜ง๐˜ช๐˜ฏ๐˜ข๐˜ฏ๐˜ค๐˜ช๐˜ข๐˜ญ ๐˜ข๐˜ฅ๐˜ท๐˜ช๐˜ค๐˜ฆ. ๐˜ž๐˜ฆ ๐˜ข๐˜ณ๐˜ฆ ๐˜ฏ๐˜ฐ๐˜ต ๐˜ฑ๐˜ณ๐˜ฐ๐˜ง๐˜ฆ๐˜ด๐˜ด๐˜ช๐˜ฐ๐˜ฏ๐˜ข๐˜ญ๐˜ด ๐˜ฐ๐˜ณ ๐˜ญ๐˜ช๐˜ค๐˜ฆ๐˜ฏ๐˜ด๐˜ฆ๐˜ฅ ๐˜ข๐˜ฅ๐˜ท๐˜ช๐˜ด๐˜ฐ๐˜ณ๐˜ด.

Episoder(575)

The AI Rotation Is On (And What's Coming Next) - Good Brothers

The AI Rotation Is On (And What's Coming Next) - Good Brothers

AI agents are starting to earn, spend, and redefine what currency means and Post Fiat is building the infrastructure for it.In this episode, Rob sits down with Alexander Good and Travis Good, founders...

2 Nov 202547min

How x402 Is Unlocking the Machine Payment Economy with Erik Reppel

How x402 Is Unlocking the Machine Payment Economy with Erik Reppel

Machines paying machines is about to become the internet's most powerful primitive.In this episode of AI Supercycle, we sit down with Erik Reppel from Coinbase Developer Platform to discuss how x402 e...

2 Nov 202524min

Rollup TV: AI Supercycle EP 8, OverHerd, Offchain Labs

Rollup TV: AI Supercycle EP 8, OverHerd, Offchain Labs

The Rollup TV is brought to you by:AltLayer: https://www.altlayer.io/SQD: https://www.sqd.ai/Kalshi: https://t.co/UEGdJMRFFZNEAR: https://kalshi.onelink.me/1r91/kalshixFrax: https://frax.comPolygon: h...

1 Nov 20251h 31min

How Squads Secured $15B in Assets on Solana with Stepan Simkin and Garrett Harper

How Squads Secured $15B in Assets on Solana with Stepan Simkin and Garrett Harper

Western Union launching a stablecoin on Solana marks a major shift in payments infrastructure.In this episode of Stabled Up, we sit down with Stepan Simkin and Garrett Harper from Squads Protocol to d...

31 Okt 202533min

Rollup TV: Stabled Up EP8, Theo Network, Hyperliquid, Starknet, Sui Group Holdings

Rollup TV: Stabled Up EP8, Theo Network, Hyperliquid, Starknet, Sui Group Holdings

The Rollup TV is brought to you by:AltLayer: https://www.altlayer.io/SQD: https://www.sqd.ai/Kalshi: https://t.co/UEGdJMRFFZNEAR: https://kalshi.onelink.me/1r91/kalshixFrax: https://frax.comPolygon: h...

30 Okt 20253h

How Zcash Is Solving Bitcoin's Biggest Problem with Josh Swihart

How Zcash Is Solving Bitcoin's Biggest Problem with Josh Swihart

Bitcoin's transparency problem just became a trillion-dollar opportunity for privacy-focused alternatives.In this episode of AI Supercycle, we sit down with Josh Swihart from Zcash, to discuss how Bit...

30 Okt 202541min

Rollup TV: Megaeth, AI Supercycle EP8 Zcash, Vechain, FOMC Special by Kalshi and Framework

Rollup TV: Megaeth, AI Supercycle EP8 Zcash, Vechain, FOMC Special by Kalshi and Framework

The Rollup TV is brought to you by:AltLayer: https://www.altlayer.io/SQD: https://www.sqd.ai/Kalshi: https://t.co/UEGdJMRFFZNEAR: https://kalshi.onelink.me/1r91/kalshixFrax: https://frax.comPolygon: h...

30 Okt 20255h 6min

Rachel from Circle: Why Stablecoin-as-Gas Changes Everything

Rachel from Circle: Why Stablecoin-as-Gas Changes Everything

Circle just solved one of crypto's biggest UX problems: paying gas fees with the tokens you're already using.In this episode, we sit down with Rachel Mayer to discuss why they built Arc as an L1 inste...

29 Okt 202529min

Populรฆrt innen Teknologi

romkapsel
rss-avskiltet
lydartikler-fra-aftenposten
teknisk-sett
shifter
rss-impressions-2
energi-og-klima
tomprat-med-gunnar-tjomlid
nasjonal-sikkerhetsmyndighet-nsm
hans-petter-og-co
smart-forklart
teknologi-og-mennesker
pedagogisk-intelligens
elektropodden
rss-for-alarmen-gar
rss-snakk-om-sikkerhet
rss-alt-vi-kan
rss-fish-ships
rss-digitaliseringspadden
rss-bouvet-bobler