
← Money Code16 Jul · 48 min
Blockchains Are the Fourth Generation of Payment Rails w/ Mark Frey (Corpay) & Keith Vander Leest (BVNK)
<p>Presented by Stablecon; Powered by BVNK.</p><p><br></p><p>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.</p><p>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.</p><p><br></p><p><strong>Subscribe and listen to the Money Code podcast here:</strong></p><p>https://lnk.to/MoneyCodeSN</p><p><br></p><p><strong>Chapters</strong></p><p>00:00 What Corpay manages across 145 currencies and 200 countries</p><p>03:08 The launch: embedded stablecoin wallets for corporate clients</p><p>05:38 Blockchains as the fourth generation of payment rails</p><p>08:38 "Cost is not really a big driver": the 24/7 unlock</p><p>10:15 "Swift is sleeping": instant rails that don't interoperate</p><p>14:36 "No one's really asking for stablecoins"</p><p>21:24 Blockchain will disintermediate SWIFT</p><p>26:55 Why stablecoins need more than dollars</p><p>31:17 "We wanted to get on offense": how an incumbent ramps up</p><p>34:56 The 80/20 problem: stablecoin volume is still mostly crypto trading</p><p>38:14 Public stablecoins and private bank chains, hand in glove</p><p>43:06 "Why are we talking about yield on balances?"</p><p>46:48 Where to find Mark, Keith, Corpay, and BVNK</p><p><br></p><p><strong>Connect with the Hosts & Guest</strong></p><p>Chuk Okpalugo: https://www.linkedin.com/in/chuk-okpalugo/ | https://x.com/chuk_xyz/ | https://stablecoinblueprint.com</p><p>Raj Parekh: https://www.linkedin.com/in/rajparekh7/ | https://x.com/rajparekh | http://monad.xyz</p><p>Mark Frey: https://www.linkedin.com/in/mark-frey-cross-border-payments/ | https://www.corpay.com</p><p>Keith Vander Leest: https://www.linkedin.com/in/keithvanderleest/ | https://bvnk.com</p><p><br></p><p><strong>About Stablecon</strong></p><p>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.</p><p><br></p><p><strong>About BVNK</strong></p><p>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.</p>