Denelle Dixon interviews Ben Milne, founder and CEO of Brale, about building regulated stablecoin infrastructure. Brale enables companies to issue and operate fiat-backed stablecoins without building their own banking, compliance, or blockchain stack, dramatically lowering barriers to entry from ~$100M to near-zero.
In this 'block by block' conversation, Denelle Dixon sits down with Ben Milne to discuss Brale's approach to stablecoin infrastructure. Milne, whose career has focused on how money moves and who controls those rails, previously built large-scale USD transfer infrastructure at Dwolla. Brale operates as regulated infrastructure that lets companies issue and manage digital dollars without building their own banking or compliance systems. The conversation emphasizes that institutional adoption hinges on trust and clear regulation, not speed or cost. A pivotal shift came when Brale began supporting stablecoins from other issuers like Paxos and Circle, transforming the company from an issuer into shared infrastructure. This move reduced the barrier to launching stablecoins from ~$100M to essentially a dollar, democratizing access to digital dollar infrastructure. Milne envisions stablecoin adoption unfolding over decades, starting with payments, moving to embedded finance, and eventually enabling trillions in institutional flows.
