Stablecoins ‘deserve all the attention’: Paradigm

Paradigm’s Charlie Noyes thinks that the attention on stablecoins is well-deserved after Mesh’s $82 million round

article-image

Muhammed AKAN/Shutterstock and Adobe modified by Blockworks

share

This is a segment from the Empire newsletter. To read full editions, subscribe.


Remember Mesh’s Bam Azizi from our chat earlier this month, after his firm raised a whopping $82M?

Azizi and Paradigm’s Charlie Noyes joined Yanowitz on this week’s episode of Empire to chat about the raise and crypto’s killer app — stablecoins (sorry if you’re tired of hearing that). 

But the thing is, as Noyes put it: “Stablecoins deserve all of the attention and excitement they’re garnering,” especially when we’re in such an awkward spot market-wise. 

Not only does Noyes think that stablecoins offer up a viable and understandable use case on crypto rails (something the industry sometimes struggles with) — there’s also an additional add-on: 

The talent pool is much bigger. Because a lot of these projects have FinTech qualities, they can seek out talent that’s not just crypto-native. 

And, as the competition grows fiercer and fragmentation starts to occur, Mesh stands to potentially add more value, Azizi added. 

While the dream would be for folks to use stablecoins for everyday payments, Azizi thinks that we’re more likely to see stablecoins leveraged for cross-border payments right now. Certain hyperinflation areas like Turkey or Colombia could see more retail stablecoin use cases, given that they don’t have the same access to bank accounts and credit cards as the US does. 

Next stop for stablecoins? Getting the Netflixes and Amazons of the world to accept USDC, USDT, etc. That’s when real adoption happens.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates (11).png

Research

We believe that Exponent is best positioned to dominate the Solana yield market – the fastest-growing sector in the ecosystem – with topline liquidity increasing at an annualized rate of nearly 600%. The founding team (ex-Squads, Kamino, Solana Foundation) cares deeply about product, security, design, and user experience and understands the foundation for building a great protocol. The team’s deep ties in Solana DeFi also present a significant strategic advantage, as evidenced by Exponent PTs being onboarded as collateral on Kamino, Drift, and Loopscale before its main competitor, RateX. In this regard, we view PT integrations in money markets as the most compelling avenue for Exponent to expand its market share and own its vertical.

article-image

Franklin Templeton’s Innovation Head Sandy Kaul says institutions will issue stablecoins and tokenized cash offerings to stay competitive

article-image

Surviving financial doomsday takes some preparation

article-image

Pump.fun’s launch partners include Kraken, Kucoin, Bitget, Bybit, Gate and MEXC

article-image

Monad Foundation’s Keone Hon said the team’s been “thinking about how to grow the onchain economy for some time”

article-image

Cuts to government R&D budgets may prove penny wise, bitcoin foolish

article-image

Still relatively little is known about the memecoin platform’s forthcoming token