If you're someone like an IBM or someone like a Western Union or a money gram or these large money movers and someone has downtime and now of a sudden Brazil is offline, that's just not an acceptable level of risk.

So now all of a sudden you start to say, okay, well how can I use a network like borderless to be able to connect the not just one counterparty in Brazil, but two or three.

Let's bring in our next guest, Kevin Latiniti, CEO of Borderlist.Xyz, joins us as his company,

partners with wallet infrastructure provider defense to launch a new institutional stable coin off ramp designed to route payments across multiple global providers aiming to improve price

discovery, reduce vendor lock-in and make stable coin payouts to local fiat more resilient

for banks, fintechs, and enterprises. Hey Kevin. Thanks for having me on. Yeah, great to be here.

Thanks for being here. All right.

Let's talk about this partnership.

Just lay a foundation for us.

What's this going to allow institutions and banks to do that they couldn't do before?

Absolutely.

So Defense is one of the largest enterprise wallet providers in the world.

And they sell very actively into large enterprises like IBM.

They actually power the digital asset haven product at IBM,

which is being sold into mid-cap banks, other financial institutions,

as well as a lot of enterprise-scale PSPs, fintechs, and others,

with their wallet infrastructure product.

And what they've realized very early on is that for stable coin adoption,

the wallet product is the perfect kind of yin and yang to on and off ramps. So if you can couple

some sort of a wallet which lets you hold the asset with some sort of a product that lets you

convert between stable coins and local fiat currencies all around the world,

that's the perfect infrastructure building block for these fintechs, for these PSPs, and

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