Stablecoin M&A: There's no Winner-Take-All w/ Itai Turbahn (Dynamic / Fireblocks)

About this episode

The episode discusses the evolution of payment networks and the implications of recent mergers and acquisitions in the fintech space.

Presented by Stablecon; Powered by BVNK. In this episode of Money Code, hosts Chuk Okpalugo and Raj Parekh sit down with Itai Turbahn, founder and CEO of Dynamic (now part of Fireblocks), where his team builds the embedded wallet infrastructure that lets developers spin up global money movement in hours instead of years. They unpack why the world's largest companies are building their own payment networks (YouTube alone has paid out billions to creators), what happens when the tech cost approaches zero but cryptography, security, and compliance stay hard, and why the M&A frenzy from Mastercard-BVNK to Fireblocks-Dynamic has every player attacking global finance from a different angle. Subscribe and listen to the Money Code podcast here: https://lnk.to/MoneyCodeSN Chapters 00:00 What is Dynamic? Embedded wallets as the Twilio of money movement 02:15 From crypto-native UX fix to global financial primitive 07:37 The full stack: wallets, on/off ramps, liquidity, licensing - and why enterprises don't want Lego blocks 10:52 "Build a global Venmo in an hour": remittance, payroll, B2B, and the CeFi-DeFi bridge 14:23 Earn yield, issue a card, off-ramp to local currency - the…

People in this episode

Hosts: Chuk Okpalugo, Raj Parekh

Guest: Itai Turbahn

Topics covered

• stablecoins
• mergers and acquisitions
• payment networks
• embedded wallets
• global finance
• cryptography
• fintech

Keywords

• stablecoin
• M&A
• payment networks
• embedded wallets
• cryptography
• fintech
• YouTube payouts

Sponsors

BVNK

Mentioned in this episode

Organizations: Dynamic, Fireblocks, Mastercard, YouTube

More episodes of Money Code

• Stablecoins Change the Math on Building Neobanks w/ Ryan Bozarth (Dakota) · June 10, 2026 · 46 min
• Identity Is the Agentic Commerce Unlock w/ Amir Sarhangi (Skyfire) · June 4, 2026 · 43 min
• MoneyGram Is Becoming an Open Network w/ Anthony Soohoo (MoneyGram) · May 28, 2026 · 50 min
• Going Global Means Going Local w/ Irina Chuchkina (Wallet in Telegram) · May 14, 2026 · 48 min
• It's Not Stablecoins vs. Banks. It's Stablecoins With Banks. w/ Kirill Gertman (Conduit) · May 7, 2026 · 54 min
• Crypto Payments Won't Scale Without Convenience w/ Davi Strazza (Lightspark) · April 30, 2026 · 1h 0m