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Codex Podcast Transcripts

Haonan Li · 2 episodes with transcripts

Deeply researched conversations with the best minds in stablecoins. Brought to you by Codex, the stablecoin foreign exchange specialist.

Spoken has transcripts of 2 Codex episodes, with the speakers named. The newest listed here is from May 18, 2026.

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Latest Codex transcripts

The Fed KILLED The Safest Bank In History | Darrell Duffie

May 18, 2026

Haonan Li (0:00)

This is such a compelling product that you are going to drain all the deposits out of all the banks, and the whole system is going to go kaput.

Darrell Duffie (0:05)

The Narrow Bank, rest its soul, was not a payments related firm. It was totally for safe investments, so for investors that wanted to put funds in a very safe place and earn a market interest rate.

Haonan Li (0:14)

It seems that the Fed there, through bureaucratic maneuvering, managed to strangle this thing to death.

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