{"id":"brody","title":"Brody","content":"**Brody** is an engineer and the founder of the [Palm USD (PUSD)](https://iq.wiki/wiki/palm-usd) [stablecoin](https://iq.wiki/wiki/stablecoin) project, where he has focused on developing [blockchain](https://iq.wiki/wiki/blockchain)-based financial infrastructure for cross-border transactions. His work on [PUSD](https://iq.wiki/wiki/palm-usd) is informed by observations of inefficiencies within global financial systems, particularly in regions with limited access to reliable banking services. [\\[1\\]](#cite-id-r2LKuMcq43fKwzGc) \n\n## Career\n\nBrody has worked as an engineer for approximately 15 years across a range of public and private sector projects. His early exposure to finance stemmed from a family background in economics and public policy, which fostered a sustained interest in financial systems, global markets, and business.\n\nHis perspective on financial infrastructure was shaped in part by international travel and cross-border transactions. Observing differences between domestic and international financial systems, particularly in regions with less developed banking infrastructure, highlighted inefficiencies in areas such as transfer speed and accessibility. Experiences working with partners in regions such as the Middle East and Africa led him to believe that traditional financial systems often do not consistently meet global needs.\n\nThese observations informed his interest in [digital assets](https://iq.wiki/wiki/digital-assets) as an alternative mechanism for transferring value across borders. He has emphasized the potential of [blockchain](https://iq.wiki/wiki/blockchain)-based systems to address inefficiencies in existing financial infrastructure, particularly in international contexts, and has focused on developing systems designed for broader use beyond existing [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) user bases. [\\[2\\]](#cite-id-3apjeuUoN83CB5Uy) [\\[3\\]](#cite-id-nzZGeznHOYNkAPSg) \n\n### Palm USD\n\nIn a January 2026 article explaining the rationale behind [Palm USD (PUSD)](https://iq.wiki/wiki/palm-usd), Brody described the project as a response to structural challenges in the global use of the U.S. dollar. While the dollar remains widely relied upon in international trade and finance, he identified concerns related to political influence, sanctions, and reliance on existing financial infrastructure as factors that can complicate its use for some countries and institutions.\n\nThe article highlighted the tensions faced by emerging and non-aligned economies, particularly those seeking to retain monetary independence while still accessing a stable, widely accepted unit of exchange. It referenced ongoing discussions among BRICS countries on alternative financial systems, noting the practical difficulties of establishing a shared currency across diverse economies. Within this context, [Palm USD](https://iq.wiki/wiki/palm-usd) is presented as an attempt to provide access to dollar-linked value without requiring direct reliance on U.S.-based financial systems.\n\nBrody outlined the structure of [PUSD](https://iq.wiki/wiki/palm-usd) as a [stablecoin](https://iq.wiki/wiki/stablecoin) backed by reserves in currencies pegged to the U.S. dollar, specifically the UAE dirham and Saudi riyal. He framed this design as a way to maintain price stability while situating the system within a different geographic and regulatory environment. The article positioned the project as part of a broader effort to address inefficiencies and limitations in cross-border financial infrastructure, particularly in regions seeking alternatives to existing systems. [\\[5\\]](#cite-id-i4DE7EMcgKERYk1T) [\\[6\\]](#cite-id-7EZk5W106uZuG2aY) \n\n![](https://ipfs.everipedia.org/ipfs/QmdxGREJntF7CkdY8GHTwXS72AZixypcefLbNjdRe2Kum8)\n\n## Interviews\n\n### Frozen Stablecoins\n\nIn a March 2026 interview on [TheBlock](https://iq.wiki/wiki/the-block), Brody explained that [PalmUSD’s](https://iq.wiki/wiki/palm-usd) [stablecoin](https://iq.wiki/wiki/stablecoin) was a permissionless, Sharia-compliant dollar backed by [fiat](https://iq.wiki/wiki/fiat-money) reserves in fully audited, third-party custodial banks in Saudi Arabia and the UAE, with reserves in pegged currencies like the UAE dirham and Saudi riyal, avoiding US dollar backing entirely. He highlighted that most [stablecoins](https://iq.wiki/wiki/stablecoin) could be frozen or blacklisted, unlike [PalmUSD](https://iq.wiki/wiki/palm-usd), which lacked such features, and emphasized transparency through regular audits, public code, and real-time reserve attestations. Brody discussed the challenges of achieving Sharia compliance, which required rigorous, monthly audits and a strict no-risk policy, and stressed their focus on building infrastructure for institutions rather than targeting retail consumers directly. Operating primarily in the Middle East, particularly Saudi Arabia and the UAE, [PalmUSD](https://iq.wiki/wiki/palm-usd) aimed to serve regional needs with a utility-driven approach, focusing on institutional settlement and commodity trading, while proactively engaging regulators to ensure legal compliance across jurisdictions. Brody also shared his vision of expanding [stablecoin](https://iq.wiki/wiki/stablecoin) utility in emerging markets, promoting seamless integration with traditional finance, and fostering collaboration to provide stability and liquidity amid volatile currencies. He concluded by emphasizing that stablecoins like [PalmUSD](https://iq.wiki/wiki/palm-usd) can’t be frozen or blacklisted, and that their long-term goal is to build a trustworthy, ethical infrastructure that better serves both global and regional financial systems than existing alternatives. [\\[2\\]](#cite-id-3apjeuUoN83CB5Uy) \n\n[YOUTUBE@VID](https://youtube.com/watch?v=FFH0oWJJoO8)","summary":"Brody is the founder of Palm USD (PUSD), a project developing blockchain-based financial infrastructure for cross-border transactions. With an engineering background, his work is informed by observations of inefficiencies in global financial systems.","images":[{"id":"QmXc9tbCKzqgsAHDjHyj8EuPP2Vpfspzd4nCRpXKbgaap7","type":"image/jpeg, image/png"}],"categories":[{"id":"people","title":"people"}],"tags":[{"id":"PeopleInDeFi"},{"id":"Founders"},{"id":"Stablecoins"},{"id":"Solana"}],"media":[{"id":"https://www.youtube.com/watch?v=FFH0oWJJoO8","size":"0","name":"FFH0oWJJoO8","type":null,"source":"YOUTUBE"},{"id":"QmdxGREJntF7CkdY8GHTwXS72AZixypcefLbNjdRe2Kum8","name":"PNT8d3UFIS8ZFHbP.jpeg","caption":"","thumbnail":"QmdxGREJntF7CkdY8GHTwXS72AZixypcefLbNjdRe2Kum8","source":"IPFS_IMG"}],"metadata":[{"id":"references","value":"[\n  {\n    \"id\": \"r2LKuMcq43fKwzGc\",\n    \"url\": \"https://www.palmusd.com/\",\n    \"description\": \"Palm USD Project Website\",\n    \"timestamp\": 1776084992779\n  },\n  {\n    \"id\": \"3apjeuUoN83CB5Uy\",\n    \"url\": \"https://www.youtube.com/watch?app=desktop\\\\&v=FFH0oWJJoO8\",\n    \"description\": \"TheBlock Interview with Brody\",\n    \"timestamp\": 1776084992779\n  },\n  {\n    \"id\": \"nzZGeznHOYNkAPSg\",\n    \"url\": \"https://www.youtube.com/watch?v=FFH0oWJJoO8\",\n    \"description\": \"Brody's Background and Motivations\",\n    \"timestamp\": 1776084992779\n  },\n  {\n    \"id\": \"MtZtZG370AlkfJLU\",\n    \"url\": \"https://solana.com/podcasts/solana-is-global-with-alex-scott/episodes/4da9cf95-92bd-4d8b-b954-61410cf94628\",\n    \"description\": \"Solana is Global Podcast featuring Brody\",\n    \"timestamp\": 1776084992779\n  },\n  {\n    \"id\": \"i4DE7EMcgKERYk1T\",\n    \"url\": \"https://x.com/LordoftheRum/status/2011744426469810389\",\n    \"description\": \"Announcement of January 2026 Article\",\n    \"timestamp\": 1776084992779\n  },\n  {\n    \"id\": \"7EZk5W106uZuG2aY\",\n    \"url\": \"https://www.palmusd.com/about\",\n    \"description\": \"Palm USD 'About' page\",\n    \"timestamp\": 1776084992779\n  }\n]"},{"id":"website","value":"https://www.palmusd.com/"},{"id":"twitter_profile","value":"https://x.com/LordoftheRum"},{"id":"commit-message","value":"\"Added new wiki page for Brody\""}],"events":[{"id":"af7d12cf-d7ec-4d6e-9adb-e9cd5612fad3","date":"2025-01","title":"Founded Palm USD","type":"DEFAULT","description":"Brody founded Palm USD (PUSD), a stablecoin project aimed at improving cross-border transactions, with the project's formal establishment indicated by a 2025 website copyright.","link":"https://www.palmusd.com/","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"1551a1aa-f691-4a62-beac-7c72238aef9a","date":"2026-01","title":"Published Palm USD Rationale","type":"DEFAULT","description":"Brody published an article explaining the rationale for Palm USD, framing it as a response to structural challenges in the global use of the U.S. dollar.","link":"https://www.palmusd.com/about","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"a5e17626-90ef-40d7-93e5-77d68d034ce8","date":"2026-02","title":"Featured on 'Solana is Global' Podcast","type":"DEFAULT","description":"Brody was featured on the 'Solana is Global with Alex Scott' podcast to discuss Palm USD and stablecoin governance.","link":"https://solana.com/podcasts/solana-is-global-with-alex-scott/episodes/4da9cf95-92bd-4d8b-b954-61410cf94628","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"fc50947a-6992-476f-91b2-f14ce3652801","date":"2026-03","title":"Interviewed by TheBlock","type":"DEFAULT","description":"In an interview with TheBlock, Brody detailed Palm USD's features, including its permissionless and Sharia-compliant nature, and its backing by UAE dirham and Saudi riyal reserves.","link":"https://www.youtube.com/watch?v=FFH0oWJJoO8","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"operator":{"id":"0xacb6c5AD52b8f605299B0d774CE97F26e3DB80c2"},"language":"en","version":1,"linkedWikis":{"blockchains":[],"founders":[],"speakers":[]}}