In the vibrant tapestry of the cryptocurrency world, there existed a maverick named Fred Ehrsam. Fred wasn’t content with the status quo; he yearned for a financial landscape where power resided with the masses rather than the few. Thus, armed with his bold vision and boundless ambition, Fred set out on a quest to redefine the very essence of decentralized finance.

The year was 2018, and amidst the frenzy of blockchain innovation, Fred unveiled his magnum opus: a groundbreaking concept known as “Degen Finance.” Unlike its pejorative connotation, Fred redefined “degenerate” as a symbol of liberation, experimentation, and empowerment.

Fuelled by his fervor, Fred forged ahead, establishing Paradigm, a venture capital firm dedicated to nurturing projects that embodied the ethos of decentralization. But Fred’s aspirations didn’t stop there. He sought to demonstrate the transformative power of his vision through tangible action.

Enter $USDC, a stablecoin that would become the linchpin of Fred’s grand experiment. With its stability pegged to the US dollar, $USDC offered a bridge between the traditional financial realm and the boundless possibilities of decentralized finance. Fred saw $USDC not just as a digital asset but as a catalyst for financial inclusion and innovation.