Stablecoins Aren't for Americans w/ Ayo Omojola

Presented by Stablecon; Powered by BVNK.

In this episode of Money Code, hosts Chuk Okpalugo and Raj Parekh sit down with Ayo Omojola, General Partner at Refract VC, former Cash App banking lead, and organizer of A Very Stable Conference. 

They unpack why the biggest stablecoin opportunity isn't in the US, where Chase is "ferocious" and payments feel good enough, but in serving billions of people worldwide who can now access dollar-denominated savings from an app store, and why $300B in circulating supply is still peanuts compared to what's coming.

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Chapters

00:00 Investing in stablecoins: why people matter more than tech

03:30 The wealth flight thesis: why rich people move money to Switzerland

08:00 Agentic payments: real or overhyped?

12:35 A Very Stable Conference: catching lightning in a bottle

19:20 The Jamie Dimon problem: competing with Chase

26:00 Why long sales cycles are a product problem

28:50 Cash App parallels: "we knew a secret"

34:15 $300B is peanuts — the real market sizing math

37:15 Why incumbents have paper-thin advantages

42:45 "Fish don't feel the water as wet"

49:20 Non-USD stablecoins: institutional gaps as the foothold

54:30 Where to find Ayo and A Very Stable Conference

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

Ayo Omojola: https://x.com/ay_o | https://kunle.app

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.