The Sperax Stablecoin

In this conversation, Alec Shaw, a BEN alum and business development lead at Sperax, shares how his journey in crypto began by launching a student club during the 2018 bear market. That experience led him to BEN, where he helped merge regional student efforts into a larger, collaborative network. At Sperax, Alec now focuses on bridging traditional finance with DeFi through Sperax USD—a yield-bearing stablecoin backed by fully on-chain collateral. He explains how the stablecoin maintains its peg using algorithmic controls and ETF-style arbitrage, offering transparency and passive income without centralized risk.

Alec also dives into Sperax’s “smoothing mechanism,” which targets consistent returns by adjusting for market volatility using DAO reserves. To ensure both security and accessibility, Sperax anchors its collateral on Arbitrum while expanding liquidity across multiple blockchains like Solana and Avalanche. He highlights how institutional players are increasingly interested, though many still face regulatory and UX hurdles. For Alec, the future of crypto is multichain, user-friendly, and built on open collaboration—values he’s championed since his early days with BEN.