Episode Details

Raagulan Pathy says KAST becomes a $100 billion company or it fails outright. There's no in-between, and he explains exactly why on this episode. The KAST founder and Frax's Sam Hamidi-Kazemian debate what's actually driving the neo bank and stablecoin boom, why regulators are starting to treat stablecoins as a national priority, and whether brand, network effects, or raw economies of scale end up being the real moat.

Raagulan Pathy is the Founder and CEO of KAST, a stablecoin-powered neo bank. Sam Hamidi-Kazemian is the Founder of Frax Finance, the protocol behind the FRAX stablecoin ecosystem.

Stable Up is Rollup's weekly stablecoin show, powered by Frax.

00:00 Intro

02:07 Stablecoins Growing Independent Of Price

04:14 Banking Is Being Unbundled Now

06:13 Stablecoins Eating Traditional Banking Share

08:18 The World Wants A US Bank Account

10:25 Genius Act Stablecoin Explosion Chart

12:27 Robinhood Chain And Tokenized Equity Access

14:38 Sam Announces New Platform Feature

16:39 Global KYC Identity Layer Explained

18:42 One Login Infinite Financial Products

20:54 Collaboration Not Competition Strategy

22:57 Genius Act Was The First Domino

25:09 Everyone Wants Access To US Capital Markets

27:11 Economies Of Scale Is The Real Moat

29:13 Neo Banks Throwing Hands Up Daily

31:21 Neo Bank Wave Now Shaking Out

33:22 Onboarding Friction Killed Most Neo Banks

34:48 Trust And Customer Service Build The Moat

Guest Socials:

Sam Kazemian X: https://x.com/samkazemian

Frax Finance X: https://x.com/FraxFinance

Frax Finance Website: https://frax.com/

Raagulan Pathy: raagulanpathy

KAST X: https://x.com/kastxyz

KAST Website: https://www.kast.xyz/

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