Sam Broner

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@SamBroner

Generally Happy. Founder @bettermoney_co | prev: investor @a16zcrypto, MIT, eng @Microsoft

NYC sambroner.com Joined January 2018

1.7K Following 9K Followers 3K Posts

Latest posts 5

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Sam Broner @SamBroner Apr 1

Well, stablecoin expert was short lived. We're building @bettermoney_co and it's been a long time coming.

We're hiring across the board - especially engineers with payments, ledgering, and distributed systems experience. DM me if you want to build better money.

Sam Broner leaves a16z to become a stablecoin expert, with recent news highlighting his new role and the company's hiring efforts.

Sam Broner @SamBroner 3d

Had a fantastic dinner in Cambridge with good friends and students from MIT, Harvard, Dorm Room Fund, and the startup community!

Boston 🤝 Better Money

Build baby build!

Sam & Elliot with students eating pizza at Area Four

Sam Broner @SamBroner 5d

This was a pretty good tweet. Basically the case for custom stablecoin issuers. Really big problem for the banks too -- they do NOT want their money to ever be perceived as being worth anything more or less than $1.000000

Adam Zuckerman Verified account @AdamZuck13 Aug 23

Imagine launching a new bank and needing to pay seven figures to Citadel to market make your wires to ensure there is enough liquidity.

That's how moving between different tokenized dollars works today. It shouldn't be. And doesn't need to be.
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Sam Broner @SamBroner Oct 30

One stablecoin v fiat difference that trips up outsiders...

In trad payments, you initiate a tx through your TMS and it happens. You see failure, in prog & success states, *because* you have a tx team at the bank *attempting* to route the tx successfully.

With stablecoins, especially with self-custodial wallets, this is not true. You have to manage your treasury actively and preemptively. Compatibility has to be managed on the edge. The treasurer doesn't just have to check, do I know their address? But also, can they accept or understand what I'm sending them? Do I have the type of dollar they want?

This treasury / routing / transaction lifecycle management problem obviously gets (combinatorially!) harder with more chains, stablecoins, deposit tokens, etc. If you want payments to settle fast, you have to have efficient operations for knowing and having or getting the right stablecoin for the recipient.

Sam Broner @SamBroner Oct 29

"You don't sell Bank of America dollars to buy Wells Fargo dollars, you transfer them at par!". That's been my tagline for about 3 years now...

Well, @AdamZuck13 gets deeper into the weeds on *how* and *why* stablecoins must be a par instrument, plus how @bettermoney_co helps.

The Better Money Company Verified account @bettermoney_co Oct 29

People hold money in thousands of banks, neobanks, and payment platforms in the US, but the value of your dollar doesn’t change depending on where you hold your money. That’s singleness.

Stablecoins don’t have it yet. Converting between one dollar stablecoin to another today typically happens via exchanges, AMMs, or OTC desks. That introduces slippage, a market-driven cost that’s variable and hard to predict, on top of ordinary fees.

In our latest post, our co-founder @AdamZuck13 covers how fiat built singleness, where stablecoins still fall short, and the clearing infrastructure that closes the gap: bettermoney.com/insights/stabl…
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