Episode Details

Kedian Sun (Level Money) on Stablecoin Expansion in DeFi (EP.617)
4/29/2025
On The Brink with Castle Island

Key Insights

Bullish:

  • 🟢 $LEVELUSD - Level USD is a promising stablecoin fully backed by USDC and USDT, generating yield on its reserves. It aims to build credibility and integrate with DeFi protocols for growth.
    • Level USD is fully backed by USDC and USDT. Obviously, the two largest and most trusted stable feedback stablecoins in the space right now. And then what we do is generate yield on, like, the USDC and USDT reserves.” - Kedian (12:55)
    • We sort of think about growth in two phases. For new stable coins is always the first part, which is scaling and building up, like, credibility and essentially a brand as a stablecoin.” - Kedian (26:53)
  • 🟢 $STABLES - 🔒
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  • 🟢 $DEFI - 🔒
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  • 🟢 $ETH - 🔒
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  • 🟢 $STABLECOIN - 🔒
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