Every Payments Company Needs a Stablecoin Strategy w/ Ben Milne (Brale)
About this episode
In this episode, Chuk Okpalugo interviews Ben Milne about the implications of stablecoin issuance on the payments industry.
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. Subscribe and listen to the Money Code podcast here: https://lnk.to/MoneyCodeSN 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…
Sponsors
Stablecon, BVNK
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