Stablecoin M&A: There's no Winner-Take-All w/ Itai Turbahn (Dynamic / Fireblocks)

Presented by Stablecon; Powered by BVNK.In this episode of Money Code, hosts Chuk Okpalugo and Raj Parekh sit down with Itai Turbahn, founder and CEO of Dynamic (now part of Fireblocks), where his team builds the embedded wallet infrastructure that lets developers spin up global money movement in hours instead of years.They unpack why the world's largest companies are building their own payment networks (YouTube alone has paid out billions to creators), what happens when the tech cost approaches zero but cryptography, security, and compliance stay hard, and why the M&A frenzy from Mastercard-BVNK to Fireblocks-Dynamic has every player attacking global finance from a different angle.Subscribe and listen to the Money Code podcast here:https://lnk.to/MoneyCodeSNChapters00:00 What is Dynamic? Embedded wallets as the Twilio of money movement02:15 From crypto-native UX fix to global financial primitive07:37 The full stack: wallets, on/off ramps, liquidity, licensing - and why enterprises don't want Lego blocks10:52 "Build a global Venmo in an hour": remittance, payroll, B2B, and the CeFi-DeFi bridge14:23 Earn yield, issue a card, off-ramp to local currency - the embedded wallet bundle17:55 "Don't roll your own cryptography": what AI and cloud code can't solve22:36 "Our industry should be boring" - trust at scale and the fintech reframe25:35 YouTube's $100B payout problem: payments as innovation, not risk management29:42 No winner-take-all: why M&A is chaotic and that's the point36:22 "More opportunities to build now, not less"Connect with the Hosts & GuestChuk Okpalugo: https://www.linkedin.com/in/chuk-okpalugo/ | https://x.com/chuk_xyz/ | http://stablecoinblueprint.comRaj Parekh: https://www.linkedin.com/in/rajparekh7/ | https://x.com/rajparekh | http://monad.xyzItai Turbahn: https://www.linkedin.com/in/turbahn/ | https://x.com/turbahn | https://dynamic.xyz | https://fireblocks.comAbout 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.About BVNKBVNK 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.