US domestic stablecoin usage is mostly for illicit activities
Sahil Phadnis · TechCrunch called this YC founder a fraud at 18—then he built a $10M ARR fintech. | Sahil Phadnis... · PMF Show · Sep 8, 2025 · at 25:56
Sahil Phadnis discusses the adverse selection and fraud his consumer crypto wallet startup experienced in 2022.
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“The only reason you'd want to use stable coins for domestic transactions is if you were, like, doing something shady, you know? Like, I don't know, like, buying drugs or something.”
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