USDT trades at a premium to bank dollars in certain parts of the world. Digital money is literally worth more than the "real" thing. @tonyolendo explores @vifi_labs, local stablecoins, and building decentralized FX rails that could unlock billions in onchain trade, in conversation with @razacodes. Timestamps: 00:00 - Introduction 00:44 - Why moving from local currency to USD stablecoins is a problem 02:02 - Customer discovery: from P2P retail to enterprise CFOs 03:50 - Why USDT trades at a premium over bank USD 05:14 - Case study: $900K rug in OTC USDT deal 07:52 - How multinational corporations use crypto for repatriation 09:50 - OTC desk constraints 11:22 - How ViFi solves OTC liquidity problems with onchain FX 13:45 - Why market makers avoid providing local currency liquidity 15:42 - Dual token system 17:45 - End-user benefits 19:03 - Building from Africa: talent distribution vs opportunities 23:07 - Education and capital gaps 26:21 - Hottest take on stablecoins for African markets 28:35 - Do USD stablecoins destroy local economies 29:29 - How ViFi integrates with DeFi 31:55 - Launch timeline (spoiler: it's soon 👀)