The Evolution of Digital Money: How Stablecoins Are Redefining Velocity and Value

Todd Fox speaks with Cuy Sheffield about how stablecoins are reshaping the ways that consumers, businesses, and regulators think about digital assets and money as a whole.
04/10/2026

EPISODE NOTES

In this episode of Policy Sandbox, Todd Fox, President of the Visa Economic Empowerment Institute, sits down Cuy Sheffield, Head of Crypto at Visa. Cuy is also the co-host of Tokenized, a leading podcast on stablecoins, tokenization, and real-world assets. Their conversation covers the ways that stablecoins and other digital assets are changing the financial landscape.

The episode also features remarks by Sophia Lopez, Founder and President of Kaleido, an enterprise-grade blockchain and digital asset platform; Candace Kelly, Chief Legal and Policy Officer at Stellar Development Foundation, a nonprofit focused on expanding financial access through blockchain technology; and Alisha Chhangani, Associate Director at the Atlantic Council's GeoEconomics Center where she focuses on the future of money, including payments systems and digital assets.

Across all four conversations, a point of consensus emerges: the lines between traditional finance (TradFi) and decentralized finance (DeFi) are becoming increasingly blurred.

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Visa Economic Empowerment Institute addresses global issues affecting digital equity and inclusion, trade and commerce.

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