Connect with Early Riders // Connect with Onramp Presented collaboratively by Early Riders & Onramp Media… Final Settlement is a weekly podcast covering capital markets, dealmaking, early-stage venture, bitcoin applications and protocol development. 00:00 – Intro & welcoming Gustavo Flores 01:17 – UK opens retail BTC/ETH ETPs 04:13 – Japan stablecoins & productization 07:49 – LATAM stablecoin wave; Brazil in focus 11:27 – Coinbase x CoinDCX (India/APAC) 15:47 – Stablecoin plumbing: BlackRock & Stripe 20:27 – BTC credit vs high LATAM rates; Bolivia case 23:31 – Nubank pursues U.S. bank charter 29:11 – 2026 custody (Citi/Schwab) & cycle timing 33:25 – Aureo announced (Swapido → Aureo) 35:03 – Aureo MIC thesis & team 42:21 – Storage-first: MIC + localized service 56:40 – Debasement trade & BTC hurdle rate 1:04:23 – Onramp Business controls; wrap & disclaimer If you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly. Links discussed: https://www.aureobitcoin.com/en https://www.earlyriders.com/news/early-riders-acts-as-exclusive-investor-in-aureos-pre-seed-round-to-build-latam-native-bitcoin-financial-services-infrastructure https://bitcoin.docsend.com/view/2dj7n3sjr5uyrsr4 https://blockworks.co/news/tempo-series-a-raise https://www.lightspark.com/news/lightspark/introducing-lightspark-grid https://www.theblock.co/post/374924/blackrock-to-launch-genius-compliant-money-market-fund-tailored-for-stablecoin-issuers-report?utm_source=telegram1&utm_medium=social https://www.cnbc.com/2025/10/13/citi-aims-to-launch-crypto-custody-in-2026-exploring-stablecoin.html https://www.theblock.co/post/375228/japan-fsa-local-banks-crypto https://www.theblock.co/post/375250/21shares-bitwise-blackrock-wisdomtree-uk-retail-bitcoin-ethereum-etps-fca https://www.coinbase.com/en-in/blog/Coinbase-makes-investment-in-CoinDCX-expanding-our-commitment-to-India-and-the-Middle-Easts-crypto-future https://www.theblock.co/post/374870/paxos-mistakenly-mints-300-trillion https://www.theblock.co/post/375083/japans-big-banks-join-forces-on-stablecoins-to-speed-corporate-payments-nikkei https://www.theblock.co/post/374643/stripe-stablecoin-unit-bridge-applies-for-national-bank-trust-charter-co-founder-zach-abrams-says Keep up with Michael: https://x.com/MTanguma https://www.linkedin.com/in/mtanguma/ Keep up with Brian: https://x.com/BackslashBTC https://www.linkedin.com/in/brian-cubellis-00b1a660/ Keep up with Liam: https://x.com/Lnelson_21 https://www.linkedin.com/in/liam-nelson1/ Keep up with Gustavo: https://x.com/gustavojfe https://www.linkedin.com/in/gustavo-j-flores-echaiz/