140 Companies Just Declared War on Circle - The Chopping Block

Description

The crew is joined by Selini Capital’s Jordi Alexander to break down Open USD, the no-fee stablecoin from a 140-firm consortium spanning Visa, Mastercard, BlackRock, Google and Coinbase, all aimed at the Circle and Tether duopoly. Plus Saylor’s new Digital Credit framework for MicroStrategy, the Ansem-fueled memecoin comeback, and ENS reigniting the “DAOs are fake” debate. Show highlights 🔹 MSTR falls about 30% in five days and STRC hits $71. Saylor answers with a new “Digital Credit” framework, an 18-month cash cushion, and a jumbo dividend hike to 12% 🔹 Jordi calls the death-spiral panic overblown: “Luna was worthless; you cannot print Bitcoin” 🔹 Tarun stands by “Luna for suits,” comparing STRC’s marketing to Anchor, right down to the AI ad of Saylor escaping the Titanic 🔹 Open USD launches: a no-fee, no-cap stablecoin backed by 140 firms including Visa, Mastercard, BlackRock, Google and Coinbase, aimed at the Circle and Tether duopoly 🔹 Circle drops about 7 to 8% on the news, and Tether’s Paolo Ardoino “welcomes” a real competitor, the same bit he ran on Libra 🔹 Haseeb’s take: a 140-member consortium is “a signed petition,” good for expanding the market but not for taking Tether’s or Circle’s turf 🔹 Tarun says it all comes down to the revenue share. Set the wrong rules and someone just farms the rake 🔹 The Ansem coin sparks a memecoin revival, a roughly $100M cap the market hasn’t seen in a long time 🔹 ENS reignites the DAO debate as Nick Johnson blocks a treasury restructuring with about 50% of the vote. Are consortia just DAOs in a suit? Hosts ⭐️Haseeb Qureshi, Managing Partner at Dragonfly ⭐️Tom Schmidt, General Partner at Dragonfly ⭐️Tarun Chitra, Managing Partner at Robot Ventures Guest ⭐️Jordi Alexander, CEO of Selini Capital Timestamps 00:00 Intro 01:07 The DeSci beef & Tarun’s Ponzi crusade 03:30 Saylor’s Digital Credit reset 09:34 Is STRC still “Luna for suits”? 19:24 Open USD: 140 firms take on Circle and Tether 29:42 Why a 140-member consortium is just a “signed petition” 42:13 Coinbase’s two masters: USDC vs Open USD 47:01 The memecoin comeback and the Ansem coin 51:57 ENS blows up the DAO: Nick Johnson blocks the vote 57:26 DAOs vs consortia, and can AI save governance? _______________________________________________________ #bitcoin #ethereum #crypto #cryptocurrencies ++++++++++++++++++++++++++++++++++++++++++++++++ Subscribe to our channel! Website → https://unchainedcrypto.com Unchained Daily Newsletter (FREE!)→ https://unchainedcrypto.beehiiv.com/subscribe/ Unchained X → https://x.com/unchained_pod Apple → https://podcasts.apple.com/us/podcast/id1123922160?ls=1 Spotify → https://open.spotify.com/show/1cJrrfGY1SKBIRn5noKSAf?si=6SI4qIcRTEO7EhOe0V9n4w RSS Feed → https://feeds.megaphone.fm/LSHML4761942757 Unchained: Your no-hype resource for all things crypto!