FintechFor CFO

Fintech Recap: Kontig-uh-oh. Are Stablecoins Speed Running BaaS?

Podcast explores Kontigo collapse and stablecoin infrastructure vulnerabilities in crypto ecosystem

The Ledger Signal | Analysis
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Fintech Recap: Kontig-uh-oh. Are Stablecoins Speed Running BaaS?

Why This Matters

Why this matters: Finance leaders managing fintech vendor relationships need to understand third-party risk in emerging payment infrastructure and stablecoin-based banking services.

Fintech Recap: Kontig-uh-oh. Are Stablecoins Speed Running BaaS?

A podcast episode examines the collapse of Y Combinator and Coinbase-backed crypto app Kontigo, exploring the risks and infrastructure vulnerabilities in the stablecoin ecosystem. The discussion covers the responsibilities of infrastructure providers like Stripe and Rain, third-party risk management failures, and parallels between stablecoin infrastructure and banking-as-a-service models.

Why We Covered This

CFOs evaluating fintech partnerships and stablecoin-based payment infrastructure need visibility into third-party risk management failures and infrastructure vulnerabilities that could impact treasury operations and vendor relationships.

Key Takeaways
A podcast episode examines the collapse of Y Combinator and Coinbase-backed crypto app Kontigo, exploring the risks and infrastructure vulnerabilities in the stablecoin ecosystem.
The discussion covers the responsibilities of infrastructure providers like Stripe and Rain, third-party risk management failures, and parallels between stablecoin infrastructure and banking-as-a-service models.
CompaniesKontigoY CombinatorCoinbase(COIN)StripeRain
Affected Workflows
Vendor ManagementInfrastructure CostsTreasury
D
WRITTEN BY

David Okafor

Treasury and cash management specialist covering working capital optimization.

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