Aug 27, 2026 · 46 min · 12 segments
In this episode, we're excited to introduce Adam Zuckerman, Co-Founder of The Better Money Company. He was previously general counsel at Eigen Labs, a unicorn that raised over $200M from a16z crypto…
Adam ZuckermanGuest
David ChachankoHost
Edu GiansanteHost
Okay, so a clearinghouse, obviously more of up to this point, a TradFi term in the traditional financial space.
Obviously, with stablecoins, you know, being able to move user to user or peer to peer, why does someone need the clearinghouse? And what does that do?
So if you can think about the classic picture where you have nodes everywhere and all the nodes need to connect with each other and you have this super messy landscape of dots connecting with different components.
So if I want to connect to all these other nodes, if I want to connect to all the different stable coins, I can access all of them in this more organized way where I only need a single relationship instead of having to go connect with Circle, Tether, Paxos, Bridge, Moonpay.
The second thing that a clearinghouse typically does is it concentrates and reduces counterparty risk.
If I want to interact with all these different stable coins, I don't want to have to think about and be exposed to the risk of each of these different parties.
I want to know that I can contract with and work with the Better Money Company.
And the Better Money Company is basically doing the job of ensuring that all of the assets that flow through the clearinghouse have sort of proper risk parameters.
You know, oftentimes in this space, especially on the TradFi side of things, when you're trying to find banking partners at a crypto company or even as a traditional financial institution or fintech, you're doing a lot of due diligence on the different banking partners you have.
What you're introducing is being able to transact with and interact with all these different stablecoin companies.
indirectly, but your only counterparty in the level of due diligence you need to complete is on the Better Money Company.
Yeah, if you want to go, you know, convert from one asset to another, you can come to us.
Okay, so a clearinghouse, obviously more of up to this point, a TradFi term in the traditional financial space.
Obviously, with stablecoins, you know, being able to move user to user or peer to peer, why does someone need the clearinghouse? And what does that do?
So if you can think about the classic picture where you have nodes everywhere and all the nodes need to connect with each other and you have this super messy landscape of dots connecting with different components.
So if I want to connect to all these other nodes, if I want to connect to all the different stable coins, I can access all of them in this more organized way where I only need a single relationship instead of having to go connect with Circle, Tether, Paxos, Bridge, Moonpay.
The second thing that a clearinghouse typically does is it concentrates and reduces counterparty risk.
If I want to interact with all these different stable coins, I don't want to have to think about and be exposed to the risk of each of these different parties.
I want to know that I can contract with and work with the Better Money Company.
And the Better Money Company is basically doing the job of ensuring that all of the assets that flow through the clearinghouse have sort of proper risk parameters.
You know, oftentimes in this space, especially on the TradFi side of things, when you're trying to find banking partners at a crypto company or even as a traditional financial institution or fintech, you're doing a lot of due diligence on the different banking partners you have.
What you're introducing is being able to transact with and interact with all these different stablecoin companies.
indirectly, but your only counterparty in the level of due diligence you need to complete is on the Better Money Company.
Yeah, if you want to go, you know, convert from one asset to another, you can come to us.
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