LIVE NOW - How Crypto Neobanks Work: Frax, Cards, and Visa’s Role
Cards still settle on Visa, but they onboard users into stablecoins.
@TrustlessState sits with @Frax’s @samkazemian to map the stack: Frax USD (pay) + sFRAX USD (save), ETH as the savings/issuance base, and payment chains fighting for flow.
Real metrics, not hype.
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TIMESTAMPS
0:00 Intro
0:54 What Is a Neobank
2:45 Crypto Neobanks & Frax’s Two-Coin Model
5:28 Strategy: Be the Pipes, Not the Card
14:48 Design: RWAs On-Chain & Compliance Surface
18:16 Cards Today, Native Pay Tomorrow
28:52 The Standards Fight
33:30 Institutional Proof Point & Growth Curve
40:28 Closed-Loop On-Chain Economy
55:36 What to Track Next
1/ FraxNet is LIVE 🥳
Welcome to your stablecoin money account. FraxNet is your hub for minting, redeeming, and earning with frxUSD, our flagship stablecoin built to the GENIUS standard. Available on 20+ chains.