The Defiant - DeFi Podcast How Payroll, Stablecoins & Regulation Are Reshaping Global Economies | Megan Knab
May 31, 2025
In this discussion, Megan Knab, cofounder and CEO of Franklin, dives into the transformative power of crypto payroll and stablecoins. With a background in finance, she skillfully tackles issues like crypto volatility and compliance with labor laws. The conversation spans the significant role of stablecoins in reshaping economies and how they can streamline payroll processes. Megan also sheds light on the balance between innovation and regulation, emphasizing the need for transparency and the potential of decentralized finance to enhance financial accessibility.
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Megan's Crypto Journey
- Megan Knab transitioned from a Wall Street accounting job to crypto after discovering Ethereum in business school and uncovering corporate fraud.
- She joined ConsenSys in 2016, starting her decade-long journey integrating accounting with crypto.
Crypto Back Office Challenges
- Crypto back office systems struggled with data availability, but transparency has since improved drastically.
- Merging crypto revenue with fiat bill payments remains a key challenge for crypto-native companies.
Navigating Crypto Payroll Laws
- U.S. labor laws require employees be paid in fiat equivalent, not directly in volatile crypto tokens.
- Payroll providers should focus on stablecoins to handle crypto volatility in wage payments.