Presented by Stablecon; Powered by BVNK.

In this episode of Money Code, hosts Chuk Okpalugo and Raj Parekh sit down with Mark Frey, Group President of Corpay Cross-Border Solutions, which moves money to almost 200 countries in 145 currencies, and Keith Vander Leest, US General Manager at BVNK, fresh off the two companies launching embedded stablecoin wallets for Corpay's corporate clients.

They unpack why cost "is not really a big driver" for stablecoin adoption when in-country payments already cost pennies, why the real prize is moving trapped liquidity 24/7 after wire cutoffs, and why "no one's really asking for stablecoins" even as providers route more volume onto them.

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Chapters

00:00 What Corpay manages across 145 currencies and 200 countries

03:08 The launch: embedded stablecoin wallets for corporate clients

05:38 Blockchains as the fourth generation of payment rails

08:38 "Cost is not really a big driver": the 24/7 unlock

10:15 "Swift is sleeping": instant rails that don't interoperate

14:36 "No one's really asking for stablecoins"

21:24 Blockchain will disintermediate SWIFT

26:55 Why stablecoins need more than dollars

31:17 "We wanted to get on offense": how an incumbent ramps up

34:56 The 80/20 problem: stablecoin volume is still mostly crypto trading

38:14 Public stablecoins and private bank chains, hand in glove

43:06 "Why are we talking about yield on balances?"

46:48 Where to find Mark, Keith, Corpay, and BVNK

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

Mark Frey: https://www.linkedin.com/in/mark-frey-cross-border-payments/ | https://www.corpay.com

Keith Vander Leest: https://www.linkedin.com/in/keithvanderleest/ | https://bvnk.com

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.