{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Stableminded — a Stablecoin Show","title":"S3.4 | Keyrails ft. Berhan Kongel","html":"","width":"100%","height":180,"duration":3723,"description":"This episode of Stableminded is a MASTERCLASS in cross-border payments.Berhan, a 15-year entrepreneur and founder, is building ⁠Keyrails⁠, a stablecoin infrastructure company connecting emerging markets to global financial systems.Berhan shares his extensive experience in the stablecoin ecosystem since 2018, discussing how stablecoins are transforming cross-border payments, particularly for emerging economies facing limited access to dollar liquidity.He explains the challenges of traditional payment systems, the \"sandwich model\" misconceptions, and how Keyrails is building infrastructure to make international payments more efficient, faster, and cost-effective.The conversation explores the recent tipping point in stablecoin adoption, the importance of named accounts in risk management, and the future of tokenized assets beyond just payments.Key Takeaways:Paradigm Shift: Stablecoins represent one of the biggest financial innovations in the last decade, functioning as a \"quantum layer\" that exists everywhere until it collapses into fiat at the transaction point.Emerging Market Focus: Traditional financial systems fail emerging economies due to correspondent banking limitations and dollar scarcity, problems stablecoins can solve.Beyond the Sandwich Model: Simply converting fiat to stablecoins and back isn't sufficient - the model requires understanding cross-border infrastructure, liquidity, and regulatory constraints.The Three Models: Cross-border payments operate through SWIFT, pre-funding (nostro accounts), or net-offs, with stablecoins creating a fourth option with unique advantages.Trump Effect: The recent regulatory shift and political changes have created a \"tsunami\" of interest in stablecoins from traditional financial institutions.Banking Risk Transfer: The Bridge model of using named accounts paired with stablecoins shifts risk from banks to clients, enabling greater access for emerging markets.Beyond Payments: Stablecoins are the foundation for tokenizing...","thumbnail_url":"https://img.transistorcdn.com/1nbAm7CSayg5hsIMTgZcFFzAw5R5LUCjH8AZfy1HxLw/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS80NGRl/ZjUxZWY3OTVjNWE2/YWEwNzY2MGQ0MmFm/NTUyOC5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}