Payments on Fire™ Episode 282 - Why You Need a Stablecoin Strategy, with Ran Goldi, Fireblocks
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Dec 3, 2025 In this engaging conversation, Ran Goldi, Senior VP of Payments at Fireblocks and a digital currency expert, dives into the fascinating world of stablecoins and their crucial role in the blockchain ecosystem. He discusses the lifecycle of stablecoin transactions, the transparency of blockchain, and contrasts stablecoins with tokenized deposits. Goldi shares real-world use cases and highlights the importance of strategy for businesses in adapting to this evolving landscape. His insights extend to how banks and regulations are reshaping the narrative around stablecoins.
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How On‑Ramp And Minting Work
- Minting creates on-chain tokens after a fiat deposit, making that token balance visible to anyone who knows the address.
- The issuer holds fiat reserves off-chain while the blockchain records the tokenized balance in a distributed ledger.
Blockchain As A Fast Payment Rail
- A blockchain transfer is another payment rail that requires signing a transaction and node verification.
- Transfers typically settle in seconds, enabling near‑instant cross‑border movement compared with traditional rails.
Off‑Ramp And FX Still Required
- Receiving USDC on-chain doesn't eliminate local FX needs; off‑ramping to local currency still requires a conversion step.
- Local banks or exchanges act as liquidity providers to convert stablecoins into local fiat.