Stablecoins aren’t a “crypto side quest” anymore—they’re becoming core financial infrastructure.

In this episode of What’s Going On in Banking, Ron Shevlin and Stacey Bryant break down Mastercard’s $1.8B bet on stablecoin infrastructure, why deposits may be more mobile than ever, and what banks are getting completely wrong.

They also dive into:

• Why waiting on stablecoins could be a fatal mistake
• How tokenization could reshape payments (and profits)
• The real risk behind “we’re monitoring it” strategies
• And what Revolut needs to do to actually win in the U.S.

Bottom line: the industry is changing fast and not everyone is ready.

Show Notes:

• Stablecoins: What Community Banks Need To Know And Do Now
• What Revolut Needs To Do To Succeed In The US
• Mastercard us | Mastercard to acquire BVNK to connect on-chain payments and fiat rails

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Chapters
00:00] Intro + Stacey’s conference recap
[02:30] Why banks are still stuck on AI adoption
[04:00] Inside the On-Chain conference (what stood out)
[06:00] “You can’t sit this out” — stablecoin urgency
[08:30] Mastercard’s $1.8B acquisition breakdown
[11:00] Stablecoins = real infrastructure, not crypto hype
[13:30] Are banks outsourcing their future to Mastercard?
[16:00] Optimistic vs realistic vs pessimistic takes
[18:30] $6.6T in deposits at risk (“deposits that walk”)
[23:00] Revolut enters the U.S. — opportunity or overhyped?
[25:30] The “Cheesecake Factory” problem in fintech
[29:30] The future: do we even need banking apps anymore?

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Subscribe to the What's Going On In Banking podcast here:
https://qrco.de/bgfV82