Why Stablecoins Cards will eat Amex’s Busness with Will Nuelle of Galaxy Ventures

The Rollup · Jan 29, 2026 · 24m

Will Nuelle from Galaxy Ventures reveals how stablecoin cards in emerging markets generated fatter margins than cross-border payments, catching everyone off guard.

We cover Rain's series C, why people in Thailand and Vietnam are replacing bank deposits with internet dollars, and Galaxy's December investment in on-chain loan servicing.

We cover:

- WalletConnect x Ingenico: 40M Terminals Now Accept Crypto

- Why B2B Stablecoin Payments Will Explode

- Keeping Transactions On-Chain vs. Crypto Cards

- 2% Cashback Rewards & Merchant Incentives

- The Path to $2 Quadrillion Onchain Payments

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