Stablecoins Are For Everyone

In this episode, Ben Milne, Founder and CEO of @brale_xyz , breaks down how the cost to launch a stablecoin has dropped to zero and what that unlocks for everyone from Fortune 500s to weekend builders. After founding Dwolla and watching it scale to $45B in annual payments, Ben bet on a once-in-a-century shift in money infrastructure. Two and a half years later, Brale has launched 200+ stablecoins with a 20-person team.

The conversation covers why AUM-based pricing models are an Achilles' heel for infrastructure providers, how the Canton Network pilot put Brale in conversations with DRW, Cumberland, and Bank of America, and why the next major inflection point will come when a large company ignites agentic workflows at scale.

Coinflow and Rain stand out as early partners in stablecoin payments infrastructure. Coinflow is redefining merchant settlement for e-commerce, cutting payout times from 3-4 days to 30 seconds. Brale co-developed instant treasury with them to help payments companies scale without balance sheet constraints. Rain is pioneering smart contract-based card issuance, and their infrastructure is becoming a model for embedded finance and card issuing platforms. Brale runs multiple stablecoin projects with both companies today.

Key Timestamps:

03:19 - "The cost to launch a stablecoin has now come to like zero"
08:40 - From 2 customers to 200 stablecoins launched
13:45 - Why AUM-based custody pricing is an Achilles' heel
16:20 - "Imagine adopting payments infrastructure that makes you money"
19:28 - USDGLO: Brale's first customer and the lessons learned
24:26 - Canton partnership: Eric flew to Des Moines to whiteboard it
24:41 - The Canton Network pilot: DRW, Cumberland, Bank of America in repo markets
25:08 - Radius: What happens when MIT and Fed alumni build a free blockchain
37:27 - Why Coinflow and Rain were early bets worth making
44:04 - The executive education gap in stablecoins
50:04 - "100 years of compounding innovations governed by the physics of humans"
53:27 - "When one very large company ignites agentic workflows, that chain is gonna be made"
54:30 - "We don't discriminate"

Whether you're building payments infrastructure, exploring stablecoin issuance for your business, or trying to understand why this moment feels different, this episode delivers the operational clarity that most stablecoin conversations skip.

This season is powered by Brale

With Brale, you can launch stablecoins in minutes and actually make them usable. Their single API unifies licensing, custody, on-ramps and off-ramps. They're the stablecoin issuer for emerging ecosystems like Canton and Radius, and core infra for payments teams like Coinflow, Rain, and hundreds of others.

Learn more at brale.xyz

Guest: Ben Milne, Founder and CEO at Brale
Host: Drew Rogers
Follow Stabledash on X: @Stabledash
Follow Brale on X: @brale_xyz
Follow Ben on X: @bpmilne

The content of this podcast is for informational purposes only and does not constitute financial, investment, or legal advice.