Money Code Stablecoins Need Banks: The “Banking Layer” Nobody Sees w/ Jacqueline Reses (Lead Bank)
Presented by Stablecon; Powered by BVNK.
In episode 15 of Money Code, hosts Chuk Okpalugo and Raj Parekh are joined by Jackie Reses, Chair and CEO at Lead Bank.
They break down why stablecoin payments quietly depend on banks as regulated “plumbing,” how compliance automation becomes a product advantage, and why the biggest second-order risk of stablecoin growth may be destabilizing community-bank deposit bases before local credit creation has a replacement.
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Chapters
00:00 Stablecoins don’t work without the banking layer
01:28 Why Lead Bank was built from scratch
04:27 How you earn regulator trust in modern banking
11:25 Onboarding “too tricky” clients and scaling with them
13:34 Compliance as a front-of-house product
17:44 Why Lead acquired Loop Crypto
20:02 Lead’s API primitives and composable banking stack
22:49 How different banks should think about stablecoins
24:41 The community bank risk: deposit flight and local lending
34:25 Tokenized deposits vs stablecoins as rails
39:26 The “Hunger Games” phase of fragmentation
44:30 Builder advice: precision, scale, and no hyperbole
Connect with the Hosts & Guest
Chuk Okpalugo: https://www.linkedin.com/in/chuk-okpalugo/ | https://x.com/chuk_xyz/ | http://stablecoinblueprint.com
Raj Parekh: https://www.linkedin.com/in/rajparekh7/ | https://x.com/rajparekh | http://monad.xyz
Jackie Reses: https://www.linkedin.com/in/jacqueline-reses-938b7850/