Jun 16, 2026 · 43 min · 10 segments
In this episode, we’re joined by **Will Beeson** (**Multiliquid**) and **Jack Chong** (**Checker**) to unpack where the money layer and asset layer of on‑chain finance collide. We explore how…
Jack ChongGuest
Will BeesonGuestLuther MadayHostRami SuleimanHostIf you look at the markets where they are right now, stablecoins roughly at three hundred and ninety billion and growing.
So both these sides of the markets are growing rapidly, and there's massive demand.
But when I look at this from a perspective of a payments guy, and I look at the two sides of this, you have stablecoins that are backed by, you know, T-bills, et cetera, and then you've got RWA assets that are usually using stablecoins for settlement purposes.
Do you see both these worlds just like dissolving into each other over time, where it becomes seamless, or do you continue to see a very different track for each one of those? Uh, I'll start with you, Jack.
I think what I've, what I've seen from our customer base, uh, so just as a quick recap, uh, so Checker is the fastest growing and the largest, uh, liquidity network for stablecoins.
We power traditional financial institutions to, you know, crypto-native financial institutions.
They launch products like FX, global payments, credit, and they get global stablecoin liquidity.
So we, we deal a lot with emerging markets, so, you know, our key markets are Latin America, Africa, for example.
And many of our customers ultimately, to their mind, really, to be honest, they don't...
They just know its T logo, and then it's on Tron, and then they just call it TRC, TRC.
Now, as you know, crypto degens as we are, right, we obviously know that these are token standards.
And, uh, you know, and I think right now the market, the market is emphasizing on liquidity, which is how fast can I buy the token? Can I buy the stablecoin? And how fast can I sell it with this-- with the lowest slippage possible? That's my lens, but I think very soon we'll be moving towards a world where, you know, these same customers will want yield generation, different strategies, or investment vaults, which, you know, I'm sure Will's company will, you know, empower all that trend as well.
So, so I am very much of the view that these are, I guess, t-two sides of the same coin, but, but probably even more than that, uh, just one broader market, uh, for, for money.
Uh, and there's money in the form of currency, you know, maybe what we would think of as kind of liquid, uh, money, money that, uh, y- you know, we use for transactional purposes that's transferred from one place to another.
If you look at the markets where they are right now, stablecoins roughly at three hundred and ninety billion and growing.
So both these sides of the markets are growing rapidly, and there's massive demand.
But when I look at this from a perspective of a payments guy, and I look at the two sides of this, you have stablecoins that are backed by, you know, T-bills, et cetera, and then you've got RWA assets that are usually using stablecoins for settlement purposes.
Do you see both these worlds just like dissolving into each other over time, where it becomes seamless, or do you continue to see a very different track for each one of those? Uh, I'll start with you, Jack.
I think what I've, what I've seen from our customer base, uh, so just as a quick recap, uh, so Checker is the fastest growing and the largest, uh, liquidity network for stablecoins.
We power traditional financial institutions to, you know, crypto-native financial institutions.
They launch products like FX, global payments, credit, and they get global stablecoin liquidity.
So we, we deal a lot with emerging markets, so, you know, our key markets are Latin America, Africa, for example.
And many of our customers ultimately, to their mind, really, to be honest, they don't...
They just know its T logo, and then it's on Tron, and then they just call it TRC, TRC.
Now, as you know, crypto degens as we are, right, we obviously know that these are token standards.
And, uh, you know, and I think right now the market, the market is emphasizing on liquidity, which is how fast can I buy the token? Can I buy the stablecoin? And how fast can I sell it with this-- with the lowest slippage possible? That's my lens, but I think very soon we'll be moving towards a world where, you know, these same customers will want yield generation, different strategies, or investment vaults, which, you know, I'm sure Will's company will, you know, empower all that trend as well.
So, so I am very much of the view that these are, I guess, t-two sides of the same coin, but, but probably even more than that, uh, just one broader market, uh, for, for money.
Uh, and there's money in the form of currency, you know, maybe what we would think of as kind of liquid, uh, money, money that, uh, y- you know, we use for transactional purposes that's transferred from one place to another.
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