The Wolf Of All Streets · Oct 21, 2026 · 38m · 32m saved
With Nicola White, VP of Institutional Crypto at Robinhood and General Manager of Bitstamp
Wiring money to another country costs about 6% on average, and Nicola White, VP of Institutional Crypto at Robinhood and General Manager of Bitstamp, told Scott Melker on The Wolf Of All Streets that stablecoins can do the same job for a fraction of that. Most of the Washington debate over stablecoins is about domestic rules. Nicola says the bigger prize is payments that cross borders, and that federal rules are now in place for companies to start building them.
"All the pieces are there and the building is definitely happening... a lot of our customers... are frantically building behind the scenes to start to use some of this guidance we've gotten recently." — Nicola White
Nicola has spent nearly two years building Robinhood's institutional crypto business, including Bitstamp, the exchange Robinhood bought largely for its roughly 50 licenses worldwide.
The full interview is covered here so you can skip it. 38 minutes of audio, 6 minutes of reading.
Here are the 8 takeaways that matter.
Key Takeaways
Stablecoins can move money abroad for a fraction of the roughly 6% a wire costs
Federal stablecoin rules are in place and Robinhood's customers are "frantically building"
Tokenized US stocks reach investors who "literally have no access to U.S. capital markets"
Robinhood's US perpetual futures are live at a 5% rollout
Bitstamp came with about 50 licenses worldwide that Robinhood is building on
Tokenization could split a $50 million minimum into pieces retail customers can afford
Nicola floats an accredited-investor test based on knowledge, not net worth
1. Stablecoin Rules Are Landing
Nicola opened on Washington. The OCC has moved to finalize the first federal rule implementing the GENIUS Act, following earlier steps from the OCC and the FDIC.
Nicola says the federal pieces for stablecoins are now in place, and customers are building on them
"All the pieces are there and the building is definitely happening... a lot of our customers... are frantically building behind the scenes to start to use some of this guidance we've gotten recently." — Nicola White
She expects the OCC's guidance to speed up adoption that is already climbing fast.
