The Stablecoin Toolkit for Every New Ecosystem

In this episode, Jeff Milewski, Founder and CEO of SBC, breaks down why chasing market cap is a losing strategy for stablecoins, and what the real stablecoin toolkit looks like for every new ecosystem. After spinning SBC out of Brale about a year and a half ago, Jeff and his team went all in on developer tooling: paymasters, gasless transactions, account abstraction, wallet infrastructure, and ecosystem-level integrations designed to make stablecoins usable from day one.

The conversation covers how SBC became the first stablecoin on the Canton Network, a privacy-preserving, institutionally focused blockchain that rewards builders through app-level incentives rather than pre-mine token distributions. Jeff unpacks what makes Canton's model different, why privacy in crypto isn't about hiding transactions but about institutional compliance, and how SBC is supporting early applications, AMMs, and liquidity strategies on the network.

Jeff also breaks down the Radius partnership. Built by a team out of MIT, Circle, and the Federal Reserve Bank of Boston, Radius is designed for Cloudflare-level throughput at near-zero cost. The kind of stablecoin infrastructure where AI agents can actually make programmable payments at scale. SBC is the technology partner getting Radius ready for stablecoin integration, building on the X402 protocol for microtransactions that could fundamentally shift internet business models away from advertising.

Key Timestamps:
00:00 - Introduction
01:21 - How SBC spun out of Brale
04:39 - The Glo Dollar origin story and feeling the need for tooling
07:15 - SBC's evolution: paymasters, gasless transactions, ecosystem tooling
09:25 - "There's a lot of focus on chasing market cap... temporary rewards"
11:00 - Real utility vs. TVL that just sits there
12:12 - The commercial model: ecosystems as the end customer
13:38 - Canton Network: first stablecoin on a privacy-preserving chain
16:15 - Canton app rewards: how builders earn proportionally
19:18 - Why privacy is institutionally compliant, not sketchy
23:35 - Radius: MIT and Fed alumni building Cloudflare-scale payments
26:02 - How Jeff picks ecosystem partners like a value investor
30:18 - The AppKit, Paymaster, and open source wallet stack
36:02 - X402 facilitator: verifying payments on-chain for agentic commerce
37:49 - "We're going to see a shift in business models... ads to microtransactions"
39:08 - "Google knows this. They understand their ad model isn't as good."
44:50 - Brands, reputation, and pricing digital goods
48:13 - Stablecoins as the first RWA and gateway to tokenized capital markets
51:29 - Prediction markets: information creation, not speculation
54:39 - What's next for SBC in 2026

Whether you're launching a stablecoin for your own platform, building on an emerging blockchain, or trying to understand why developer tooling is becoming the real competitive moat, this episode delivers the operational lens most stablecoin conversations skip.

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This season is powered by Brale

With Brale, you can launch stablecoins in minutes and actually make them usable. Their single API unifies licensing, custody, on-ramps and off-ramps. They're the stablecoin issuer for emerging ecosystems like Canton and Radius, and core infra for payments teams like Coinflow, Rain, and hundreds of others.

Learn more at brale.xyz

Guest: Jeff Milewski, Founder and CEO at SBC
Host: Drew Rogers
Follow Stabledash on X: @stabledash
Follow SBC on X: @stablecoin_xyz
Follow Jeff on X: @jmilewski

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

#Stablecoins #SBC #DeveloperTools #Canton #Radius #X402 #AgenticPayments #Crypto