Show Notes
Presented by Stablecon; Powered by BVNK. In episode 21 of Money Code, hosts Chuk Okpalugo and Raj Parekh are joined by Prabhakar Reddy, Co-Founder & CEO at OpenFX. They explain why “instant FX” can’t be achieved with bank API wrappers alone, and how OpenFX combines end-to-end automation, regional liquidity, local rails, and stablecoins as a routing leg to settle large cross-border transfers in minutes, with bank access and balance sheet constraints setting the ceiling at global scale.
Chapters 00:00 $45B proves the point: what’s broken in FX 03:20 The three unlocks: ICP, automation, 24/7 team 06:30 What OpenFX sells: “money moves like SMS” 09:45 Working capital and prefunding: the hidden tax on fintech FX 12:40 Stablecoins as a routing leg, not the product 15:50 Currency expansion playbook: demand, regulation, bank rails, automation 21:15 Why FX wrappers can’t fix bank cutoffs and float incentives 26:40 Why crypto exchanges fail at $10M+ size 29:05 The $10M walkthrough: fiat → stablecoin leg → fiat in minutes 34:45 What has to be true: licenses, liquidity, automation, security, balance sheet 38:30 Defensibility: regional liquidity + utility pricing + 24/7 ops 42:25 What breaks next: bank access and balance sheet ceiling 44:40 The future: AI agents, and why non-USD stablecoins lag Connect with the Hosts & Guest Chuk Okpalugo: https://www.linkedin.com/in/chuk-okpalugo/ | https://x.com/chuk_xyz/ | http://stablecoinblueprint.com
Raj Parekh: https://www.linkedin.com/in/rajparekh7/ | https://x.com/rajparekh | http://monad.xyz
Prabhakar Reddy: https://www.linkedin.com/in/prabhakar2reddy/ | https://x.com/prabhakar2reddy | http://openfx.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.
More from Money Code
In this episode of Money Code, Sanjib Kalita sits down with Maggie Wu, CEO and co-founder of VelaFi, to discuss the challenges of cross-border payments in Latin America and how stablecoins can help businesses move money faster and at lower cost.Maggie shares VelaFi's journey from Mexico to markets across Latin America, explaining how the company built its payment infrastructure around local licensing, banking relationships, and compliance. They also discuss the growing demand for stablecoin payments, why B2B businesses have a greater need for cross-border solutions, and what it takes to build financial infrastructure across multiple emerging markets.Subscribe and listen to the Money Code podcast here:https://lnk.to/MoneyCodeSN00:00 - Maggie Wu and the origins of VelaFi02:45 - From crypto investing to stablecoin payments04:50 - Why VelaFi started in Latin America07:20 - Building compliant cross-border payment infrastructure09:50 - How customer feedback shaped the product12:20 - Expanding across Latin American markets14:35 - Building local teams and maintaining compliance16:20 - Why VelaFi focuses on B2B payments18:45 - The growing demand for stablecoin payments21:10 - Why emerging markets are adopting stablecoins23:35 - VelaFi’s competitive advantage25:35 - Growth, fundraising, and scaling the business27:55 - Maggie’s journey as an entrepreneur29:45 - What’s next: AI and building with agentsConnect with our Host and Guest: Sanjib Kalita: linkedin.com/in/sanjibkalitaMaggie Wu: https://www.linkedin.com/in/maggie-wu-164a0797/About StableconStablecon (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.
In this episode of Money Code, host Sanjib Kalita sits down with Shan Aggarwal, Chief Business Officer and Head of Investor Relations at Coinbase, to unpack where crypto, stablecoins, and traditional finance are heading next. They explore Coinbase’s vision for an open financial system built onchain and why stablecoins are becoming an increasingly important piece of financial infrastructure.The conversation also dives into tokenized assets, agentic commerce, and the rise of machine-to-machine payments. Shan explains why stablecoins could be particularly well suited for AI-driven transactions and what needs to happen for onchain finance to become more seamless, accessible, and interconnected.Subscribe and listen to the Money Code podcast here:https://lnk.to/MoneyCodeSN00:00 – Intro: Shan Aggarwal and Coinbase03:20 – From Venture Investing to Coinbase09:55 – Building a Global Crypto Platform12:56 – Stablecoins and the Future of Onchain Finance16:39 – Coinbase and the Rise of Agentic Commerce22:32 – Build, Buy, Partner or Invest?34:42 – Coinbase’s 5–10 Year Vision for Finance41:05 – The Convergence of Traditional Finance and Crypto46:57 – The Evolving U.S. Crypto Regulatory Landscape52:17 – Shan’s Outlook on the Future of FinanceConnect with our Host and Guest: Sanjib Kalita: linkedin.com/in/sanjibkalitaShan Aggarwal :https://www.linkedin.com/in/shan-aggarwal-2a314b49/About StableconStablecon (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.
Presented by Stablecon; Powered by BVNK.
Presented by Stablecon; Powered by BVNK.
Presented by Stablecon; Powered by BVNK.