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 It's expensive, slow, and built on outdated hierarchies.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(596)

DeFi By Design EP26: What You Need To Know About Scaling Ethereum L2

DeFi By Design EP26: What You Need To Know About Scaling Ethereum L2

The scaling focus has become so important, entire teams and projects have tossed out their roadmaps and now are dedicated to trying to help Ethereum become more usable. Exactly what we need right now....

25 Mar 20211h 3min

DeFi By Design EP25: Building Your Investing Edge

DeFi By Design EP25: Building Your Investing Edge

โ€˜Alphaโ€™ is tossed around as the extremely desirable and most sought after investment information.ย  Despite what you may think this podcast will not share CMS Holdingsโ€™ edge & alpha (well, ok maybe a l...

4 Mar 202149min

DeFi By Design Character Series: NFTs, Alpha Searching, & Community Narratives w/ Hardwood

DeFi By Design Character Series: NFTs, Alpha Searching, & Community Narratives w/ Hardwood

โ€œThink about it. Everything is a rugโ€ Welcome to the pure comedy gold (infotainment as I like to call it) episode that is Hardwood. Hardwood is a random degen on defi twitter who self-proclaims to be ...

1 Mar 202140min

DeFi By Design EP24: Bringing DeFi To The Real World

DeFi By Design EP24: Bringing DeFi To The Real World

There are fewer noble quests in the crypto world than being an activist who builds products to bridge the gap between irl & bripto. Brippppptooooooo. Really, a challenge of regulatory pushback combine...

18 Feb 202127min

DeFi By Design EP23: The History Of Money

DeFi By Design EP23: The History Of Money

Martin Ploom, founder of Smartcredit.io, is one of the smartest & strongly opinionated men Iโ€™ve ever really spoken to. He was adamant on detailing the history of credit, money, lending and borrowing, ...

11 Feb 202149min

DeFi By Design EP22: Web 3 Data Economy

DeFi By Design EP22: Web 3 Data Economy

Ocean Protocol has been BUIDLing for years now albeit a very nicheโ€™d operation, they have a grand vision to fulfill: Giving the power back to the people of the internet. Building a web 3, community ow...

5 Feb 202130min

DeFi By Design EP21: Insuring DeFi 101

DeFi By Design EP21: Insuring DeFi 101

Cover Protocol has had a helluva ride the last few monthsโ€ฆwith an epic launch and collaboration with Yearn to a major smart contract hack & drain. I mean. This has been insane. The team stood strong a...

28 Jan 20211h 8min

DeFi By Design EP20: 2021, The Year Of The Stablecoin?

DeFi By Design EP20: 2021, The Year Of The Stablecoin?

While many will be overly excited about the bull run that we will see in 2021, so much of the activity and innovation will be happening in stablecoins. Yes, just plain olโ€™ stablecoinsโ€ฆ โ€ฆor, economical...

4 Jan 202153min

Populรฆrt innen Teknologi

lydartikler-fra-aftenposten
romkapsel
smart-forklart
teknisk-sett
energi-og-klima
rss-ki-praten
nasjonal-sikkerhetsmyndighet-nsm
elektropodden
rss-impressions-2
shifter
tomprat-med-gunnar-tjomlid
rss-praktisk-proptech
rss-ki-til-kaffen
hans-petter-og-co
teknologi-og-mennesker
i-loopen
kunstig-intelligens-med-morten-goodwin
rss-for-alarmen-gar
rss-ai-forklart
rss-heis