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 the regulatory, operational, and third-party risk management failures that enabled the incident, drawing parallels to banking-as-a-service (BaaS) model risks and the responsibilities of infrastructure providers like Stripe and JPMorgan Chase.
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