Ben Reynolds was Silvergate's first Bitcoin-side hire back in 2016 and the company's president when it wound down in 2023. After stops at BVNK and BitGo, he joined SoFi six months ago to build out commercial banking at the intersection of TradFi and digital assets.

In this conversation, Reynolds explains why most new stablecoins are doomed without users or distribution, what makes SoFi's 15 million members and $50B balance sheet an unfair edge, and why the next wave of stablecoin innovation belongs to regulated banks.

We cover:

• Why stablecoins without users or distribution are "almost doomed to fail"
• The three legs of the stool: members, Galileo, and commercial banking
• How the GENIUS Act pulls stablecoin innovation back into regulated banks
• Why bank-to-bank stablecoin interoperability is the next big problem
• What SoFi's $50B balance sheet means for counterparty risk
• Why lending is the next frontier after payments

Filmed at Bitcoin 2026 in Las Vegas.

Host: David Sencil

🎧 Listen now and follow the show for more conversations with the builders shaping the future of Bitcoin, stablecoins, and digital finance.