The Ledger Podcast From SWIFT to Stablecoins: The New Operating System for the World’s Economy
Jan 9, 2026
Shah Ramezani, Founder and CEO of Noah, a payments infrastructure company, shares his insights into the world of stablecoins and financial integration. He explains how stablecoins proved their worth during downturns and highlights the crucial gaps in banking adoption and fiat on-ramps. Shah compares stablecoins to VoIP for cross-border payments, emphasizing speed and cost benefits. He also discusses innovative offerings like the Cash Stablecoin account, targeting everyone from crypto enthusiasts to neobanks, while advocating for smart asset choices.
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Stablecoins' First Real Use Case
- Stablecoins found their first real-world product-market fit as a faster way to move money, not as speculative tokens.
- Shah Remezani says stablecoins grew during the downturn because people used them to transfer value across borders quickly.
Acceptance Is The Real Value
- A stablecoin is only valuable when it has wide acceptance and banking on-ramps.
- Regulatory clarity (e.g., MiCA) and changing sentiment enabled banks to integrate stablecoin rails.
Get A Bank Account That Mints Stablecoin
- Use integrated bank accounts to move fiat into on-chain stablecoins and back without relying on exchanges.
- Shah recommends using Ledger+Noah to get a bank account number that converts incoming fiat into stablecoin directly into your self-custody wallet.