These Two Companies Might Dominate the Next Era of Finance with Gordon Liao of Circle and Ken Ng of Uniswap Labs

Join Alex Tapscott as he decodes the world of crypto, fintech and AI with special guests Gordon Liao, Chief Economist and Head of Research at Circle, and Ken Ng, Head of Ecosystem at Uniswap Labs. Listen in as Gordon explains why Circle is building Arc — a layer one purpose-built for stablecoin finance, with USDC as gas and the settlement finality institutions need to move trillions in real-world assets — and why another chain doesn't mean another silo. Ken makes the case that Uniswap is the real everything exchange: list once and you're listed everywhere, across a permissionless platform where Fidelity deployed liquidity without telling anyone first. Together they get into what a shared compliance layer would unlock, whether someone in the Philippines will ever hold BUIDL in $100 increments, and why bearer instruments — a centuries-old idea — are the key to tokenized assets. Plus: Circle's $400M all-stock acquisition and stablecoins as global payment rails, what's actually happening at the long end of the bond market, why stablecoins may become the stickiest buyer of short-term government debt, and how AI agents will use crypto — not just to pay each other, but to raise capital.