
← Money Code23 jul · 49 min
Stablecoins Need Local Liquidity w/ Jack Chong (Checker)
<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 Jack Chong, co-founder and CEO of Checker, a stablecoin liquidity network for regulated financial institutions that processed more than $3B over the last 12 months.</p><p>They unpack why "USD is not the same in different countries," how stablecoins are creating a correspondent banking 2.0 layer, and why stablecoin payments still depend on local liquidity, settlement timing, and the bottlenecks around 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 Checker’s stablecoin network for financial institutions</p><p>01:48 Convert and trade vs send and receive</p><p>04:30 Why one API is not enough</p><p>09:33 Demand side, supply side, and who actually provides liquidity</p><p>13:26 "USD is not the same in different countries"</p><p>17:15 Correspondent banking 2.0 for emerging-market fintechs</p><p>20:27 How Checker expands beyond convert and trade</p><p>23:11 Float, settlement financing, and money at rest</p><p>28:09 Why USDT and USDC are not always one-to-one</p><p>35:09 What makes a stablecoin liquid</p><p>38:54 Start with the customer’s P&L, not the token</p><p>46:02 Showing up: what Jack learned in Lagos and Brazil</p><p>50:47 Where to find Jack and Checker</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>Jack Chong / Checker: https://www.linkedin.com/in/jack-chong/ | https://www.checker.finance</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><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>