{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Chuck Yates Got A Job","title":"The Stablecoin Backed by Real Barrels of Oil","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/6db7fccf\"></iframe>","width":"100%","height":180,"duration":3044,"description":"What if you could stash a barrel of oil in a digital bank account and drop it in your kid's Christmas stocking? That's the wild idea Wil Harris of Energy Substantiation is chasing, building the stablecoin of oil. He breaks down how WTI coins work, why nobody had ever banked a barrel before, and Chuck puts on his critical investor hat to try and blow the whole thing up.Click here to watch a video of this episode.0:00 - The barrel of oil coin on Chuck's dresser2:08 - How Wil ended up bridging crypto and oil4:03 - What a stablecoin actually is, explained for mom10:05 - The minus 37 dollar day, USO, and True Tracker12:21 - Banking a barrel: minting, redeeming, the bank of oil19:25 - Critical investor mode: what protects your money24:08 - Credit reviews, unencumbered barrels, and ABLs28:50 - The reverse Dutch auction and the trading platform32:16 - A brand new form of capital for producers36:06 - Crypto adoption, 700 million accounts, and the Yeezys story38:34 - Selling the company, line fill, and credit over time45:59 - Who they want to hear from and WTI as the world standard48:34 - Still early days and how to reach them https://twitter.com/collide_aihttps://www.tiktok.com/@collide.iohttps://www.facebook.com/collide.iohttps://www.instagram.com/collide.iohttps://www.youtube.com/@collide_iohttps://bsky.app/profile/collide-ai.bsky.socialhttps://www.linkedin.com/company/collideai","thumbnail_url":"https://img.transistorcdn.com/c5WQufo5wbt5DUoayihGmjPfi-6mpIXlFv-B8NwxUXk/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS81ODIw/NmQyYjMwOTI3MTcw/NjU3ZTI2NDViYTlk/M2NkNi5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}