Building Your Own Stablecoin: Why Kast Chose M0 for USDK

Raagulan Pathy, CEO of Kast, returns to reveal why his team is building their own stablecoins USDK and USDKY on M0—and why most founders approaching stablecoin creation are setting themselves up for failure.

In this episode, Raagulan breaks down Kast's strategic decision to partner with M0 for their stablecoin infrastructure, explaining how USDK enables seamless multi-chain swaps at 0.1% fees while USDKY delivers treasury-backed yields. He shares hard-won lessons from scaling globally, including unexpected challenges like SMS pump fraud that cost Twitter $60M last year.

Key insights:

- Why "building stablecoins for economics"is a fatal mistake most founders make
- How M0's programmable, DeFi-style approach solved Kast's technical challenges
- The real network effects that make Circle and Tether harder to compete with than founders realize

"Don't build stablecoins for economics. Build for innovation around user experience,"Raagulan warns, while revealing his bold prediction that 30-50% of people will hold stablecoins by 2040.

Follow Raagulan: @raagulanpathy
Follow Kast: @KASTcard
Learn more: Kast.xyz

This episode is presented by This Week in Fintech/Stablecon

Thank you to M0 for sponsoring this season of Stableminded: Building Stablecoins. Learn more about building your own stablecoin at m0.org