

13,000 Banks Get Stablecoin Access Ft. Tony McLaughlin & Andrew MacKenzie
24 snips Aug 4, 2025
Tony McLaughlin, Founder of Ubyx, and Andrew MacKenzie, CEO of Agant, share their wealth of experience in banking and blockchain. They discuss the exciting collaboration between FIS and Circle, giving 13,000 banks access to USDC. The conversation dives into how stablecoins can revolutionize corporate treasuries and transform payment systems. McLaughlin and MacKenzie also explore the potential of a digital pound and the necessity for banks to innovate in integrating stablecoins into their services, bridging traditional finance with cutting-edge technology.
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Pluralistic Stablecoin Market
- The stablecoin market will be pluralistic, with many issuers and receivers.
- It will resemble the universal acceptance seen in check and card networks.
Banks as Stablecoin Interfaces
- Connecting stablecoins seamlessly into banks' core ledgers is critical.
- Banks receiving stablecoins like digital cash is a natural starting point for adoption.
Focus on Stablecoin Off-Ramping
- Banks should focus first on receiving stablecoins by converting them to fiat.
- Offering this service reduces counterparty and operational risks for corporate treasuries.