ABOUT THIS EPISODE
Presented by Stablecon; Powered by BVNK.
In this episode of Money Code, hosts Chuk Okpalugo sits down with Ben Milne, founder and CEO of Brale and founder of Dwolla, to talk about the stablecoin shift hiding inside payments P&Ls.
Ben explains why issuance becoming "a non event" changes who can compete, how prefunding can turn stablecoins into a balance-sheet tool, and why payments companies may need to stop monetizing money movement and start building higher-margin services on top.
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Chapters
00:00 Why stablecoin issuance changes banking strategy
01:14 From credit card fees to payment infrastructure
02:31 Brale's pitch: issue a stablecoin in a minute
03:58 From $100M to $1: issuance becomes a non-event
05:45 The four markets pulling stablecoins forward
07:57 Prefunding: the hidden P&L lever in payments
10:01 Capital efficiency changes who can compete
12:49 "There is no basis point" in internet payments
14:33 Bank cores, protocols, and better financial infrastructure
18:21 Regulation gives banks permission to move
22:14 Why bank pilots now take weeks, not years
25:49 Non-USD stablecoins need local distribution
29:01 Where to find Ben and Brale
Connect with the Hosts & Guest
Chuk Okpalugo: https://www.linkedin.com/in/chuk-okpalugo/ | https://x.com/chuk_xyz/ | https://stablecoinblueprint.com
Raj Parekh: https://www.linkedin.com/in/rajparekh7/ | https://x.com/rajparekh | http://monad.xyz
Ben Milne: https://x.com/bpmilne | https://www.linkedin.com/in/bpmilne/ | https://benmilne.com | https://brale.xyz
About Stablecon
Stablecon (https://stablecon.com/) is the premier gathering for those at the intersection of DeFi, economic policy, financial infrastructure, and institutional integration, and those reinventing global commerce. By convening the brightest minds in fintech and crypto, Stablecon provides attendees with world class thought leadership and fosters unparalleled networking and strategic collaboration across the digital payments industry. Whether you're building, advising, or navigating this new frontier, this is the room where it happens.
About BVNK
BVNK is the leading provider of stablecoin payments infrastructure, helping businesses move money faster, settle globally, and even launch their own stablecoin products. Head to https://bvnk.com/ to learn more.
