Why stablecoins moved outside banks

Caitlin Long is the founder and CEO of Custodia Bank and a pioneer at the intersection of traditional finance and crypto. This conversation was recorded live at Bitcoin Investor Week in New York. In this conversation, we break down stablecoins, tokenized deposits, and U.S. banking regulation, explaining why stablecoins were pushed outside the banking system and how tokenized dollars could reshape payments and markets. We also discusses custody risk, bank account closures, bitcoin ETFs, and the key barriers still slowing crypto’s integration into traditional finance.

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• 0:00 - Intro
• 0:24 - Stablecoins, regulation & government control 
• 4:00 - Bridging tradfi & crypto, bank closures 
• 6:16 - How tokenization plays into all of this 
• 8:05 -  Bitcoin, custody risk & “not your keys” 
• 9:51 - Bitcoin vs Gold
• 14:06 - What are some big milestones left?
• 15:28 - 7 Network Effects of Bitcoin: where are we now?
• 18:59 - Big banks, infrastructure risk & legacy systems 
• 22:09 - What is next for Custodia Bank?