Citi, Schwab, Nubank, & Aureo: The Global Bitcoin Race for 21 Million
Oct 21, 2025
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