In this episode of the Headless Banking Podcast, Jeff interviews Kirill, CEO of Conduit, to discuss the company's journey and the evolution of the stablecoin market. Kirill shares his background in financial services and fintech, including his experience and frustrations with outdated banking systems. He details Conduit's pivots, from providing DeFi APIs to focusing on stablecoin payments, particularly in emerging markets. The episode explores the unexpected high adoption of stablecoins for payments, challenges of liquidity, and the shift towards bank partnerships and local stablecoins for smoother cross-border transactions. Kirill also highlights the regulatory landscape and the potential of instant payments to transform trade financing.

Chapters:

00:00 Introduction and Guest Welcome

00:32 Krill's Background and Journey

01:22 Challenges in Traditional Banking Systems

02:34 Entering the Crypto World

02:54 Founding Conduit and Initial Product

03:28 Market Changes and Pivot to Stablecoins

05:11 Adoption and Use Cases of Stablecoins

10:38 Liquidity Challenges and Solutions

15:47 Future of Stablecoins and Final Thoughts

16:52 Regulatory Landscape

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