Meet Matt & The Blockstreet Team

BlockStreetXYZ avatar
Blockstreet
@BlockStreetXYZAug 15, 2025

The Spaces brought together host Michael (Luna PR), Matt Morgan (CIO of Alt5; advisor to World Liberty Financial/WLFI), and Tristan to unpack Block Street’s launchpad, the USD1 stablecoin, and WLFI’s broader strategy. Matt traced his path from building billion‑dollar Web2 companies to discovering Ethereum in 2017 and later advising WLFI within the Trump orbit, culminating in Alt5 acquiring 1.5B WLFI tokens at a $20B FDV. He argued that bridging crypto to U.S. public markets—“the largest liquidity pool”—is pivotal. Block Street’s launchpad aims to keep Pump.fun’s ease while imposing KYC/dox only on creators, with no KYC for participants, and rigorous project vetting to curb rug pulls. The panel highlighted USD1 as a fast‑growing, fully reserved stablecoin backed 1:1 by U.S. Treasuries, contrasting it with USDC’s Coinbase‑linked incentives and USDT’s opacity; Block Street launches will pair with USD1 to drive adoption. Tristan shared his self‑custody journey, framed WLFI/USD1 as a watershed moment, and stressed that community trust depends on delivering as promised. Matt closed by positioning Block Street as one piece of a larger rails ecosystem (BTC/ETH/blue chips, WLFI, USD1) designed to move users off legacy banking and into transparent, programmable money.

Block Street x USD 1 x World Liberty — Twitter Spaces Recap

Speakers and Roles

  • Michael (Host, Luna PR): Moderation and prompts.
  • Matt Morgan (Block Street; CIO, Alt 5; Advisor, World Liberty Financial): Product vision, investment strategy, and ecosystem linkage.
  • Tristan (Entrepreneur/Investor; frequent collaborator with Andrew): Community/market perspective, advocacy for crypto self-custody and USD 1.

Matt’s Background and Path Into Web3

  • Early career: Left college at 19, became a serial entrepreneur in emerging, disruptive Web2 markets; claims over $1B in companies built and 1,000+ employees.
  • Web3 entry: Introduced to Ethereum in early 2017 (sub-$10), drawn in by smart contracts; subsequently “backed into” Bitcoin after understanding Ethereum’s tech.
  • Advisory to World Liberty: Publicly attached to a Trump-affiliated project around Sept 2024; describes ensuing media attention and scrutiny.
  • Transition to Alt 5 (NASDAQ-listed): Advocated integrating World Liberty with U.S. public markets (described as the world’s largest liquidity pool). As CIO, led Alt 5 to acquire ~$1.5B of World Liberty tokens for treasury at a ~$20B FDV (about $0.20/token). Expects token trading to validate the investment; notes some Wall Street short interest in Alt 5 stock.

Web2 Lessons Applied to Web3

  • Business fundamentals carry over: Strategy, operations, and human psychology remain critical. Web3 is “ferociously faster,” with potential for historic wealth transfer.
  • Volatility tolerance: Early crypto required a “strong stomach”; long-term conviction framed as key.

Crypto Conversion Moments

  • Matt: Recognized Ethereum’s disruptive potential in 2017; later appreciated Bitcoin as the base monetary innovation (“everyone gets Bitcoin at the price they deserve”). Foresees step-function price jumps (“teleportation”) as fiat systems erode through continual monetary expansion.
  • Tristan: Long-standing skepticism of traditional banks; early DeFi participation (PancakeSwap, CAKE, BNB staking), public track record of on-chain gains. Claims reliance on crypto after being de-banked; emphasizes value of true self-custody.

Block Street: What It Is and What It Solves

  • Product: A launchpad designed to preserve the permissionless, rapid token-launch experience (inspired by pump.fun) while removing typical rug-pull risks.
  • Creator-side requirements: Mandatory KYC/doxxing and strict vetting to list/launch; Block Street will curate “top-tier, blue-chip” projects.
  • Participant-side experience: No KYC for contributors or traders; connect a wallet and participate. Goal: onboard Web2 users with an intuitive UX while keeping user-side decentralization.
  • Problem addressed: Anonymous dev rug-pulls that plagued prior cycles (e.g., “Solana trenches”); the model aims to align accountability with creators while preserving user permissionlessness.
  • Timeline: Launchpad expected to go live in the coming weeks.

Tristan’s Endorsement and KYC Analogy

  • Supports creator KYC as a safety mechanism while preserving end-user privacy. Analogy: riders shouldn’t need ID to buy a ticket, but bus/train drivers must be licensed. Creator KYC is positioned as the “license” that protects communities without stifling user freedom.

USD 1: Thesis for Programmable Dollars

  • What it is (as described by Matt): A stablecoin introduced by the team behind World Liberty, positioned to compete with USDC/USDT.
  • Claimed metrics: Launched ~10 weeks ago; ~$2.5–2.75B market cap; ~$500M+ daily volume; described as “fastest-growing” stablecoin.
  • Backing/transparency: Matt states every USD 1 in circulation is backed 1:1 by U.S. Treasuries with ongoing audits; emphasizes transparency.
  • Competitive critiques (per Matt):
    • USDC: Revenue-share arrangement with Coinbase (Coinbase receives ~60%) inhibits broad exchange support; “pay-to-place” dynamics with competitors.
    • USDT: Insufficient transparency on reserves, raising concerns about U.S. adoption amid expected regulatory clarity (“Genius Act,” “Clarity Act” referenced).
  • Ecosystem synergy:
    • Block Street will pair launches with USD 1 to push adoption and liquidity depth.
    • Matt indicates future Web3 efforts he leads will integrate with USD 1 and World Liberty Financial (WLF/WLFI).
  • Tristan’s framing: Holding USD 1 indirectly supports the U.S. economy since issuance necessitates purchasing U.S. Treasuries—likened to modern “war bonds.” Emphasizes ease of use, unlimited transfer, and a patriotic angle for American holders.

World Liberty and Alt 5: Strategy and Public Markets Bridge

  • Strategic vision (Matt): Move crypto “onto the rails” of transparent, programmatic finance and into public market liquidity.
  • Alt 5 transaction: ~$1.5B of World Liberty tokens added to treasury at ~$20B FDV. Matt anticipates public market validation when the token trades; suggests Alt 5 stock may react strongly.
  • Guardrails: As an officer of a public company, Matt stresses careful communications given TradFi regulations.

Community, Trust, and Execution

  • Tristan’s advice to Block Street:
    • Win on integrity: Never reverse promises, be transparent, and avoid hidden fees/retroactive KYC for users.
    • Delivery is everything: If Block Street and WLFI execute, broader crypto assets (BTC, ETH) could benefit from restored mainstream trust and capital inflows.
  • Matt’s closing message: Block Street is one component in a larger ecosystem (USD 1, WLF/WLFI) focused on mass adoption, fairness, and financial access. The mission centers on transitioning away from legacy banking toward on-chain rails and blue-chip crypto assets.

How to Get Involved Now

  • Token exposure: The Block Street token is live and trading; Matt cites current FDV in the ~$150–250M range (approx. 3.5 weeks post-launch at time of talk).
  • Launchpad participation: Builders can apply to launch (subject to KYC and vetting) once live; users can connect wallets to fund/trade without KYC.
  • Community channels: Follow Block Street (@BlockStreetXYZ), join Telegram/Discord for announcements and launchpad timelines.

Key Highlights and Takeaways

  • Block Street’s differentiated model: Creator KYC + user permissionlessness to curb rug-pulls without sacrificing decentralization for participants.
  • USD 1’s positioning: Treasury-backed, audit-centric, and strategically integrated across the ecosystem; Block Street pairings intended to drive adoption.
  • Public market bridge: Alt 5’s treasury acquisition of World Liberty tokens and NASDAQ presence aligns crypto growth with TradFi liquidity.
  • Cultural narrative: Strong pro-Bitcoin/crypto ethos, skepticism of fiat monetary expansion, advocacy for self-custody and programmatic money.
  • Community-first execution: Trust, delivery, and consistency are emphasized as the core drivers of long-term legitimacy and growth.

Notable Claims and Figures (as stated by speakers)

  • Alt 5 acquired $1.5B of World Liberty tokens at ~$20B FDV ($0.20/token).
  • USD 1: ~10 weeks old; ~2.5–2.75B market cap; ~$500M+ daily volume; 1:1 U.S. Treasury backing with ongoing audits.
  • Block Street token FDV: ~$(150–250)M about 3.5 weeks post-launch.
  • Market sizing: U.S. public markets framed as an ~$80T liquidity pool; crypto ~ $4T.

Open Questions and Considerations

  • Independent verification: External, third-party attestations/audits for USD 1 reserves and transparency practices would strengthen claims.
  • Regulatory trajectory: References to forthcoming U.S. “Genius Act” and “Clarity Act” suggest a developing landscape; precise implications for USD 1, WLF, and launchpads remain to be seen.
  • Launchpad implementation details: Specifics on project selection criteria, ongoing compliance, and enforcement for doxxed creators will matter for user trust.
  • Timeline risk: Launchpad “coming weeks” and WLF token trading “very soon” are milestones to watch for execution certainty.
  • Market risk: Promotional expectations (e.g., stock “going nuts,” step-function BTC moves) face macro, regulatory, and liquidity uncertainties.

Closing

  • The session positioned Block Street as a vetted, creator-accountable launchpad embedded within a broader USD 1 and World Liberty strategy. The narrative links crypto-native rails to public markets via Alt 5, with USD 1 as a programmable, Treasury-backed stablecoin at the ecosystem’s core. Speakers stressed integrity, delivery, and user-centric decentralization as the pillars for mainstream adoption.