Why Every Crypto Credit Card Is Actually a Debit Card

Most onchain "credit cards"are functionally debit cards.

Spend $100 with a thousand dollar balance and you're either debited immediately or taking a loan against your collateral at every single purchase. Moto flips this entirely: deposit stablecoins, spend $1,000, and you'll still see $1,000 earning yield for 30 days before settlement.

Shimon Newman, founder of Moto, breaks down why he left a "paid to think"role at Squads to build what he calls a new financial primitive. One where stablecoin yield can actually fund your lifestyle. With 5% cash back plus up to 5% interest on stablecoin deposits, Moto isn't competing with other crypto cards.

They're going head-to-head with Amex.

Key Timestamps:
01:22 - First interview ever about Moto
02:39 - "Alameda and 3AC were in our seed round. We thought we were gods"
05:00 - Why onchain "credit cards"are actually debit cards
06:36 - The difference between Coinbase/Gemini cards and onchain stablecoin cards
08:35 - "You're going into debt every single time you spend"
10:43 - "Fund your lifestyle through DeFi yield,"the new primitive
12:22 - Charge cards and why US credit card debt is "indigenous to the US"
14:37 - "A lot of these crypto cards are quite predatory as well"
18:18 - The 5% + 5% breakdown: cash back plus stablecoin yield
19:55 - How stablecoin deposits convert to insured, yield-bearing assets via Reflect
21:50 - Design, taste, and going after the Amex luxury crowd
24:29 - "Our competitor isn't EtherFi, it's Amex"
26:20 - The Soho House go-to-market playbook
28:32 - "We can be successful with just 1,000 users, if they're the right users"
30:50 - Onchain private banking for people with wealth

Recorded at Solana Breakpoint 2025.

Guest: Shimon Newman, Founder at Moto
Follow Moto: https://www.moto-card.com
Follow Shimon on X: @shimon_newman
Follow Stabledash: @stabledash

The content of this video is for informational purposes only and does not constitute financial, investment, or legal advice.

#Stablecoins #StablecoinCard #Moto #Solana #CreditCards #DeFi #Breakpoint2025 #Fintech