Stablecoins are everywhere, but swapping between them is still clunky and inefficient with today's infrastructure.In this episode, we explore Orbital, a bold new Automated Market Maker (AMM) design that could change how thousands of stablecoins interact. It reimagines liquidity using spheres, not lines, letting liquidity providers (LPs) concentrate capital across many assets with more flexibility and efficiency.We keep the math light but the insights deep. If you're curious about the future of stablecoin infrastructure, this one's for you.Relevant link: https://www.paradigm.xyz/2025/06/orbital

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