Stablecoins, Frax Finance, FraxUSD, tokenized treasuries, onchain payments, and stablecoin infrastructure — in this episode of Let’s Ride, we sit down with Sean Kelley, who leads partnerships and comms at Frax Finance, to unpack Frax’s vision for what they call the stablecoin operating system.

Sean breaks down how FraxUSD works today (including its fully backed design using tokenized treasuries), why Frax is investing in FraxNet (mint/redeem rails across 20+ chains), and how Fraxtal fits into the long-term roadmap as a network where FRAX is burned as gas.

In this episode, we cover:

• Frax’s “stablecoin operating system” strategy: FraxUSD + Fraxtal + FraxNet

• How FraxUSD is backed (WisdomTree, SuperState, BlackRock tokenized treasury products) and where to verify reserves

• The difference between Frax’s earlier stablecoin era and today’s fully backed model

• “Building from first principles” — what that means in practice for DeFi builders

• How Frax thinks about incentives, sustainable growth, and avoiding short-term farming dynamics

  bmx-marketing-teams-studio_copy…

• Why payments rails and real-world usage are the next major stablecoin frontier

• Sean’s view on breaking the USDT/USDC stablecoin duopoly and what “winning” looks like for Frax in 2026

If you’re trying to understand where stablecoins are going next — DeFi liquidity, transparent reserves, cross-chain rails, and real-world payments — this episode is a must-listen.

Climate-positive stablecoins, regenerative finance, and real-world impact onchain — in this episode of Let’s Ride, we’re joined by Penguin and 0xJoshua, the builders behind Azos Finance and AZUSD, a stablecoin designed to fund climate-positive outcomes while remaining fully onchain.

We dive into how Azos is rethinking stablecoin design from first principles — moving beyond passive capital toward a model that actively supports regenerative finance (ReFi). Penguin and 0xJoshua break down how AZUSD works, how climate impact is measured and verified, and why aligning financial infrastructure with real-world outcomes is becoming increasingly important for the next phase of DeFi.

In this episode, we explore:

• What makes AZUSD a climate-positive stablecoin

• How regenerative finance (ReFi) differs from traditional DeFi models

• The role of transparency and onchain verification in impact-driven finance

• Why stablecoins are a powerful entry point for real-world use cases

• How Azos Finance is bridging crypto infrastructure with climate action

This conversation offers a grounded look at how stablecoins can evolve beyond payments and trading — toward purpose-driven financial primitives that support long-term sustainability.

🎧 Tune in to learn how Azos Finance is building climate-aligned infrastructure for the onchain economy.

Restaking, real-world payments, and the rise of onchain neobanking - that’s the focus of today’s conversation with Rok Kopp, COO of Ether.fi. In this episode of Let’s Ride, we explore how Ether.fi is transforming restaking from a purely DeFi-native concept into something your family could actually use in their daily financial lives.

Rok walks us through Ether.fi’s journey, from navigating the chaos of Luna and FTX to becoming a leading player in restaking and consumer crypto payments. We dive deep into:

• How Ether.fi makes crypto feel like a real banking alternative
• Their non-custodial credit card and global spending experience
• Why restaking became the unlock for explosive early growth
• How vaults, borrowing, and real-world spending all connect
• The future of crypto payments, treasury adoption, and 2026 roadmap

If you want to understand why Ether.fi is resonating with both institutions and everyday users—and what “crypto neobanking” actually means—this episode is your guide.

🎧 Enjoy the episode and don’t forget to subscribe to Let’s Ride for more conversations with the builders shaping onchain culture.