CompoSecure/Arculus, MetaMask, Coinbase, Karta, Ether.Fi - Stabledash Live 4/7

How Trump accounts work

Parents and others can put in up to $5,000 a year, Fowler said, and companies can deposit up to $2,500 pretax per year for employees' children within that $5,000 limit.

Co-host Drew Rogers pointed out that Bank of New York Mellon and Robinhood are "very, very forward" on blockchain programs and crypto custody. "I like seeing the US leaning into this," he said.

Aave gets a central bank review

Rogers described a Bank of Canada staff paper that found Aave v3 had zero nonperforming loans in 2024, crediting overcollateralization and automated liquidations. Fowler said Chaos Labs has stepped down as one of Aave's risk managers and that Lama Risk is taking over the role. He said the payroll platform Rise and MetaMask have both built Aave yields into their products.

Zach Fowler also questioned the case for using it: "when the yield is the same, if not a little bit less than than the risk free rate from from t bills, why why take on this extra risk?"

SoFi issues its own stablecoin

SoFi launched SoFi Big Business Banking, which lets enterprise partners manage fiat and crypto banking from a single nationally chartered bank. Rogers said the bank has more than 13,700,000 members and over $50 billion in assets under management. SOFIUSD is issued by SoFi Bank and backed 1:1 by funds held in its Federal Reserve account. Cumberland, Bullish, BitGo, Fireblocks, Wintermute, Galaxy, Mesh and Mastercard are among the launch participants.

Fowler expects SoFi to follow the route of Lead Bank and Cross River Bank. Rogers called the launch an example of how "a real company who's pushing real volume" can move into its own stablecoin.

Polymarket leaves USDC.e

Polymarket plans to launch its own stablecoin and move its liquidity away from USDC.e, the bridged version of USDC, Fowler said. He described the move as a full exchange upgrade built on programmable money for faster trades and lower gas fees. He said all open orders will be canceled during a short maintenance window. He compared it to Hyperliquid's USDH, where he said about 97% of the revenue goes to buying back hype.