Stablecoins Are a Capital Efficiency Story (Eric Queathem, Velocity)

In this episode, we’re joined by Eric Queathem, founder and CEO of Velocity, a stablecoin treasury and settlement platform backed by Visa, Circle, and Ripple, and former global strategy and growth lead at WorldPay. Eric explains why the back end of payments has seen almost no innovation despite 15 years of investment in the category, why stablecoin businesses are only as strong as their underlying fiat network, and how faster settlement unlocks real capital efficiency for everyone from OTC desks to low-margin airlines. We get into why Velocity takes a low-code, meet-people-where-they-are approach rather than ripping out legacy treasury systems, what the BVNK and Bridge exits actually reveal about where value sits in stablecoin infrastructure, and why FX parity with fiat could still be a decade away outside the majors.

We also cover Velocity’s new partnership with Cross Cross to expand into Africa’s fragmented but fast-growing financial market, the slow but real corporate appetite for on-chain yield instruments, why tokenized deposits solve a different problem than stablecoins, and what’s really behind skepticism from regulators like Singapore’s MAS. Eric closes with his honest advice for any CFO considering stablecoin adoption: use it for your own treasury first, and always ask who actually holds title to your assets.

Follow Stablecoin Partners
Stablecoin Partners: https://www.stablecoinpartners.com/
StableCheck: https://www.stablecoinstandard.com/stablecheck

Velocity
Website: https://www.velocity.xyz/about
Eric Queathem: https://www.linkedin.com/in/eric-queathem-63790617/

Chapters
00:00 Introduction to Stablecoins and Velocity
03:03 The Evolution of Payments and the Role of Stablecoins
06:08 Adoption of Stablecoins Across Industries
09:00 Integrating Stablecoins into Existing Systems
12:00 Market Dynamics and FX Pricing in Stablecoins
14:58 Growth Opportunities for Stablecoin Companies
18:09 Understanding the Value Proposition of Stablecoins
20:59 Capital Efficiency and the Future of Stablecoins
23:46 Capital Efficiency and Velocity in Business
27:17 The Future of FX Markets and Stablecoins
29:41 Corporate Adoption of On-Chain Yield Instruments
32:37 Exploring the African Financial Market
36:06 The Role of Stablecoins in Payments
40:27 Tokenized Deposits: A Global Perspective
43:17 Advice for Stablecoin Adoption