Fintech Recap: Kontig-uh-oh. Are Stablecoins Speed Running BaaS?
A podcast episode examines the collapse of Y Combinator and Coinbase-backed crypto app Kontigo, exploring the risks and infrastructure vulnerabilities in the stablecoin ecosystem. The discussion covers how third-party service providers like Rain, Checkbook, and Stripe, along with their banking partners, share responsibility for managing compliance and sanctions risks in stablecoin infrastructure, drawing parallels to banking-as-a-service (BaaS) models.
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