Stabledash Live · · 24 min

Stablecoin Issuance, Canton, New Ecosystems, and Payments Companies Onchain

With Ben Milne, Brale

Key takeaways

  • Ben Milne says Brale has its own licenses and built its own correspondent bank network, and adds new blockchains through mint and burn mechanisms instead of wrapping and bridging.

  • Stablecoins now launch on Brale every day, and Ben Milne says it's no longer an event: "it's Tuesday at noon."

  • Ben Milne argues that stablecoins cut costs for payments companies and earn revenue on the assets themselves, which he calls "good business."

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Summary

Brale CEO Ben Milne says stablecoin launches have become routine infrastructure. He also talks about Canton's long adoption arc, new chains like Tempo and Radius, and why payments companies should move onchain.

Brale has its own licenses and built its own correspondent bank network, CEO Ben Milne said in an interview on Stabledash Live. He said stablecoin issuance on the platform is now routine, with launches happening every day.

Issuance as infrastructure

Ben Milne says Brale adds new blockchains with mint and burn mechanisms that maintain what the company calls natural supply, "so you're not, like, wrapping and bridging stablecoins strangely." He says a custom stablecoin issued on the platform works out of the box with all other Brale-issued stablecoins and with Circle and Paxos assets. He adds that it is also compatible with every bank account in America, credit or debit.

Co-host Zach Fowler pointed to LitUSD, a mortgage-related stablecoin launched on Brale. Ben Milne said launches like this no longer get a ceremony: "they launch every day."

“Stablecoins launched on Brale every day used to be an event. Now it's a Tuesday at noon.”
Ben Milne

Canton and new chains

Ben Milne described Canton as "the first blockchain or ecosystem that's, like, delivering on the promise for real" for financial institutions. He said those institutions could take a thirty to fifty year adoption arc, and that Canton is relevant across that whole arc, not just "in this moment."

Fowler noted that Brale announced support for Tempo when its mainnet went live. Ben Milne said Tempo and Radius are both working to deliver on the promise of agentic commerce, and that "a new type of scale is, like, entering the room."

The case for payments companies

Ben Milne said the case for payments companies is simple: "the actual assets make money," so moving onchain lowers costs and also brings in revenue. He said blockchains already do transactions "for free, basically," with costs that run to six, nine or 10 decimal places instead of two.

Day Zero

Ben Milne described Day Zero, the Brale program that combines demos from clients and the wider ecosystem with educational sessions, as "a safe place to come learn about stablecoins." He said financial institutions have "crossed the chasm" and are now working out stablecoins with people they trust.

Taken together, Ben Milne presents Brale as plumbing: licensed, connected to banks, and running on several chains. In his view, stablecoin launches are routine and adoption by financial institutions is a long game.

Tempo, Radius, Coinflow, and Cloudflare come up most.

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Brale is the stablecoin issuance platform for launching regulated, revenue-generating stablecoins on any blockchain.

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