Yield Without Banks: Eneko Knorr on Building USB, a Fully Crypto-Backed Stablecoin

🎙️ Guest: Eneko Knorr, Cofounder and CEO of Stabolut

🕒 Duration: ~42 minutes

Episode Overview

In this episode of Token for Your Thoughts, host Lindsey McConaghy chats with Eneko Knorr, Cofounder and CEO of Stabolut, about building a fully crypto-backed, yield-generating stablecoin that doesn’t rely on banks.

Eneko shares how USB is pushing stablecoins closer to crypto’s original values - censorship resistance, decentralization, and access.

They cover:

• Why a stablecoin shouldn’t depend on banks

• How USB pegs to the dollar using crypto assets and derivatives

• What “yield-bearing” stablecoins really offer, and why JPMorgan says they could dominate the market

• Why transparency isn’t just a buzzword, but core to adoption

• The big opportunity in remittances, remote work, and cross-border payments

• Lessons from launching multiple startups, and why product alone isn’t enough

If you’re building in DeFi or just watching the rise of crypto-native finance, this one's for you.

Where to Listen

🔹 Apple Podcasts → https://podcasts.apple.com/us/podcast/yield-without-banks-eneko-knorr-on-building-usb-a/id1799063494?i=1000709534255

🔹 Spotify → https://open.spotify.com/episode/65KwGKDRPjV3xn1yZ7mPqA?si=31d2d63038a842a2

🔹 YouTube → https://youtu.be/_fpA8Yw8f14

Connect with Eneko & Stabolut

🌐 Website: stabolut.com

🐦 X (Twitter): @enekoknorr | @stabolut

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