The Money Movement
The Money Movement
Jan 20, 2022
Ep 33 | Greatest Hits - DeFi in 2021 - An Interview with Stani Kulechov
Play • 39 min

This episode of The Money Movement was previously published on 4th February 2021 and that it is being republished on 20th January 2022. As of 20th January 2022, USDC has $46B in circulation.

DeFi markets have exploded over the last 12 months, fueled by innovations in borrowing and lending protocols, widely accessible stablecoins, and new forms of capital markets entirely mediated by open source protocols and software on public blockchains.

One of the most innovative and high-growth players in the DeFi space is Aave, who today is the 2nd largest DeFi protocol with nearly $4B of value locked in the protocol.  The entire space has grown from just around $1B in early 2020 to nearly $30B today.

This week we’re joined by Aave Founder Stani Kulechov (, where we’re going to explore the founding and growth of Aave, and the profound long-term implications of decentralized markets infrastructure on the future of how people and businesses everywhere access and use capital.

About the show

The global economy is experiencing unprecedented challenges and change. Business leaders everywhere are grappling with how to transform their companies to become more digital, resilient and efficient. As we face this change, a new global movement is building around the promise of digital currencies and blockchains — forming a new architecture for the global economy and creating new opportunities for companies everywhere. The Money Movement explores and chronicles the issues and ideas driving this brave new world of digital money.


The Money Movement is brought to you by Circle. Our mission is to raise global economic prosperity through programmable internet commerce. Learn more about Circle Business Accounts and Platform APIs at

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