Money Machines

Chuk Okpalugo and Raj Parekh

Money Machines explores how finance is becoming 24/7, programmable and agent-driven. Join hosts Chuk Okpalugo and Raj Parekh as they speak with operators working on stablecoins, tokenized assets and artificial intelligence. The conversations examine how emerging financial systems work, what it takes to build them and what today’s technology shifts mean for businesses and investors.

Episodes

  1. 1d ago

    Why Enterprises Don’t Need to Adopt Stablecoins w/ Ran Goldi (Fireblocks)

    In episode 2 of Money Machines, hosts Chuk Okpalugo and Raj Parekh speak with Ran Goldi, Chief Payments and Network Officer at Fireblocks. When Goldi started in stablecoin payments ten years ago, he says the total was about $2 million a month. Fireblocks alone now handles more than $100 billion a month, and stablecoins make up 75% of the $7.5 trillion it expects to move for its 3,000 clients this year. He explains what drove that growth, how payment companies are adopting stablecoins today, and what he expects to happen next. In this episode: 1. What got adoption moving: Stripe buying Bridge, the GENIUS Act, and businesses starting to ask for stablecoins. 2. How payment companies are using them: why Goldi says stablecoins aren't cheaper, what they get instead, and why most of the volume today is B2B. 3. What comes next: how other businesses will get stablecoins through the banks and payment providers they already use, plus Open USD and tokenized deposits. Money Machines is powered by Rain.  Timestamps: (00:00) Trailer (01:17) Introduction (04:18) How the stablecoin conversation shifted in 24 months (09:15) Which businesses actually need stablecoins (11:15) Why the unlock is working capital, not cost (14:39) SAP, Kyriba, and the path to the corporates (18:52) Why Anthropic and OpenAI just use Stripe (20:41) Only 48 of the top 100 payment companies are doing anything (24:28) Acquisitions and the race for licenses (27:17) The real volume is B2B, Latin America to APAC (29:53) Seven days of global stablecoin volume, analyzed (34:55) Why the card network consortium stablecoin excites him (40:46) How the GENIUS Act flipped USDC and USDT (42:02) The next five years, banks and tokenized deposits (43:34) Takeaways from the conversation Connect with the Hosts & Guest Chuk Okpalugo: LinkedIn | X | chuk.xyz Raj Parekh: LinkedIn | X  Ran Goldi: LinkedIn | X  About Money Machines  Money Machines explores how finance is becoming 24/7, programmable and agent-driven. Join hosts Chuk Okpalugo and Raj Parekh as they speak with operators working on stablecoins, tokenized assets and artificial intelligence. The conversations examine how emerging financial systems work, what it takes to build them and what today’s technology shifts mean for businesses and investors.  About Rain  Rain is the global stablecoin payments platform that makes it simple to launch and scale payment programs around the world. Learn more at rain.xyz.

    Why Enterprises Don’t Need to Adopt Stablecoins w/ Ran Goldi (Fireblocks)
  2. 4d ago

    He Sold MoneyLion for $1B, Now He’s Building His Own Bank


    Banks have spent decades layering new technology onto infrastructure built in the 1970s. The result is a patchwork of systems that struggle to keep pace with modern financial markets. Dee Choubey, founder of MoneyLion, spent over a decade building on top of this infrastructure. Now, at Openreserve, he is rebuilding the bank at its core, on a single unified ledger that brings payments, compliance, credit and treasury together.  In this episode: 1. Banking 101: deposits, capital ratios, the OCC, the Federal Reserve, and the FDIC, and how fintechs used sponsor banks and private credit. 2. Why money moves slowly: multi-hop payments, out-of-sync ledgers and trapped capital. 3. The rebuild: how OpenReserve plans to run on a unified ledger, underwrite continuously, share risk with outside lenders (an open bank), and offer a stablecoin plus FDIC-insured tokenized deposits. Powered by rain. Timestamps (00:00) Trailer (01:06) Introduction (01:58) The MoneyLion story (10:00) The business model of a bank (17:28) Why build another bank now (20:46) Trapped capital and the $500 billion problem (26:56) Building the bank core like an L1 (30:21) What happens to the shape of US banking (39:14) Issuing their own stablecoin (45:26) What's next for Openreserve (48:21) Takeaways from the conversation Connect with the Hosts & Guest Chuk Okpalugo: LinkedIn | X | chuk.xyz Raj Parekh: LinkedIn | X Dee Choubey: LinkedIn | X | OpenReserve About Money Machines Money Machines explores how finance is becoming programmable and always on. Hosts Chuk Okpalugo and Raj Parekh speak with founders and operators working on stablecoins, tokenized assets and artificial intelligence. Through their experiences, we examine how these systems work, what it takes to build them and what they mean for businesses and investors. About Rain Rain is the global stablecoin payments platform that makes it simple to launch and scale payment programs around the world. Learn more at rain.xyz.

    He Sold MoneyLion for $1B, Now He’s Building His Own Bank


About

Money Machines explores how finance is becoming 24/7, programmable and agent-driven. Join hosts Chuk Okpalugo and Raj Parekh as they speak with operators working on stablecoins, tokenized assets and artificial intelligence. The conversations examine how emerging financial systems work, what it takes to build them and what today’s technology shifts mean for businesses and investors.

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