The Stablecoin Backed by Real Barrels of Oil
About this episode
Wil Harris discusses the innovative concept of a stablecoin backed by real barrels of oil.
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. Join the conversation shaping the future of energy. Collide is the community where oil & gas professionals connect, share insights, and solve real-world problems together. No noise. No fluff. Just the discussions that move our industry forward. Apply today at collide.io Click here to view the episode transcript. 0:00 - The barrel of oil coin on Chuck's dresser 2:08 - How Wil ended up bridging crypto and oil 4:03 - What a stablecoin actually is, explained for mom 10:05 - The minus 37 dollar day, USO, and True Tracker 12:21 - Banking a barrel: minting, redeeming, the bank of oil 19:25 - Critical investor mode: what protects your money 24:08 - Credit reviews, unencumbered barrels, and ABLs 28:50 - The reverse Dutch auction and the trading platform 32:16 - A brand new…
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