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Is the Stablecoin Sandwich Dead?

October 19, 2026 · 52 min

Show notes

On Ep. 105 of Tokenized, Simon Taylor, Head of Market Development @ Tempo and Cuy Sheffield, Head of Crypto @ Visa, are joined by Jacquelyn Melinek, Founder & CEO @ StrataMedia and Manuel J Godoy, Co-Founder & CEO @ Félix Pago to discuss Mastercard and BVNK launching unified fiat and stablecoin accounts, Rain launching embedded stablecoin wallets and more!

Timestamps:

  • 00:00 Introduction
  • 01:00 Mastercard and BVNK launch unified fiat and stablecoin accounts
  • 05:52 Visa Direct launches stablecoin-powered cross-border money movement and payouts
  • 10:22 Stablecoin liquidity challenges across smaller Latin American remittance corridors
  • 15:44 Rain launches embedded stablecoin wallets and vertically integrated payments infrastructure
  • 21:23 Hiding stablecoin complexity from customers and unlocking DeFi adoption
  • 24:16 How stablecoin yield could transform traditional remittance business models
  • 29:38 USDC and USDT dominance versus emerging branded stablecoin competitors
  • 34:26 DRW and Marex execute tokenized index swap on Canton
  • 40:36 USDC becomes the EU's first significant e-money token under MiCA
  • 46:21 Kraken's parent Payward acquires Lithuanian bank to accelerate European expansion

Tokenized is sponsored by Visa

A world leader in digital payments, Visa is bridging the gap between traditional financial institutions and innovative blockchain networks, helping players in the payments ecosystem navigate the ever-evolving world of tokenized fiat currencies with confidence and ease. Learn more at visa.com/crypto.

Tokenized is presented by Tempo.

Payments may look simple, but fraud, chargebacks, compliance and reconciliation create thousands of hidden challenges. Stablecoins help, but don’t solve them all. Tempo tackles these pain points with native account abstraction, block and allow lists, plus fast, predictable fees. Learn more at tempo.xyz

Tokenized is supported by Modern Treasury

Modern Treasury offers one API for fiat and stablecoins, helping teams launch payment products in days, enter new markets, and serve more customers. Trusted by companies like Procore, Navan, and Morse, and backed by over $600 billion in payments, learn how to adapt to changing payment rails and scale with confidence at moderntreasury.com


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We’d also like to remind you that the views or opinions of our contributors today are their own and do not necessarily reflect those of the companies they are representing. Nothing we say should be taken as tax, financial, investment or legal advice, do your own research!

 

Music by Henry McLean

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