From $100M to $1: How Brale Changed Stablecoin Issuance

Issuing a stablecoin used to require a nine-figure investment, years of regulatory work, and deep banking relationships. For most companies, that barrier made participation impossible. In this episode of block by block, Denelle Dixon speaks with Ben Milne, founder and CEO of Brale, about why stablecoin issuance was historically so expensive - and how Brale approached the problem differently. Ben explains how existing regulation made another path possible, why licensing and compliance are central to trust, and how absorbing those fixed costs upfront reduces the marginal cost of issuing a stablecoin to nearly zero. The conversation covers the economics of stablecoin infrastructure, Brale’s decision to support third-party issuers, and what changes when access to regulated financial rails is no longer limited to the largest institutions.