What Is This Episode About?
In this episode of Form & Structure, Coinbax CEO Peter Glyman joins Patrick Murck to examine what it actually takes to move stablecoins in an enterprise environment. The conversation centers on the gap between a payment object and a payment system: the compliance architecture — OFAC screening, KYC/KYB, fraud mitigation, escrow controls — that has to exist around the stablecoin itself before traditional financial institutions can adopt it at scale.
What Topics Are Covered?
The Compliance Gap in Stablecoin Payments
Peter breaks down why instant settlement creates new risks for financial institutions. Moving money faster doesn’t eliminate the need for fraud screening, sanctions checks, and multi-party validation — it makes them more urgent.
Why Community Banks Are Running Out of Time
The conversation explores how community banks and credit unions face a narrowing window to adopt stablecoin infrastructure before larger institutions and fintechs capture the opportunity.
Building the Trust Layer
Discussion of how programmable escrow, built-in reversibility, and real-time compliance checks create the safety net that financial institutions need to adopt stablecoin rails confidently.
Where Can You Listen?
The Coinbax Perspective
This episode highlights exactly why Coinbax exists. Stablecoins are a powerful payment rail — but without compliance infrastructure wrapped around them, they’re unusable for regulated institutions. The gap between “instant settlement” and “instant settlement you can trust” is the problem we solve every day.
Frequently Asked Questions
What is Form & Structure?
Form & Structure is a podcast from Surus exploring the infrastructure and regulatory landscape of onchain finance, hosted by Patrick Murck.
Who is Patrick Murck?
Patrick Murck is CEO at Surus, former General Counsel at the Bitcoin Foundation, and a Coinbax advisor with advisory experience at the IMF and NY Fed.
What is the compliance gap in stablecoin payments?
The compliance gap refers to the missing infrastructure — OFAC screening, KYC/KYB verification, fraud detection, and escrow controls — that must exist around stablecoin transactions before traditional financial institutions can safely adopt them at scale.