EXCLUSIVE: “Opening the Stable Door” – Itai Turbahn, Dynamic in ‘The Paytech Magazine’

Dynamic is powering mainstream stablecoin adoption in financial services, one wallet connection at a time

Cryptocurrency is no longer viewed as a fringe experiment or ‘Wild West’ territory for speculators with money to burn, but rather as a long-wished-for enabler of instant global settlement that could democratise access to finance. Amid this shift, Dynamic, a wallet provider for fintechs and crypto, has become one of the key players shaping how stablecoins and self-custody wallets enter the mainstream.

It hasn’t launched a flashy exchange or speculative token. But it is building the invisible infrastructure that makes wallet-based identity, authentication and crypto-based payments work – safely, seamlessly and at scale. Founded in 2021 by Massachusetts Institute of Technology alumni Itai Turbahn and Yoni Goldberg, California-based Dynamic began as a Web3 identity toolkit, helping developers onboard users via crypto wallets. But as stablecoins like USDC and USDT exploded in usage – powering everything from cross-border payroll to on-chain treasury management – Dynamic saw a bigger opportunity: to make stablecoin integration as simple as connecting to a Stripe or Plaid API.

“If you look at Venmo or PayPal, they spent more than a decade building the infrastructure they rely on today,” says Turbahn. “Developers can now build those experiences in days or weeks, not years.”

Dynamic’s mission is to abstract away the complexity of blockchain rails using its clever translation technology to convert a variety of crypto assets into usable multi denominational fiat currency in super-quick time, so efficiently that users don’t even realise it’s happening.

“Any currency, any coin, any chain – we take care of all that for businesses,” says Turbahn. “It’s a deceptively simple promise. Our clients are consumer-facing brands. They focus on what customers see, while we handle the hard stuff behind the scenes.”

For a global payroll company, that could mean paying employees in Argentina or Brazil in five seconds instead of five days, and letting them earn yield the moment they receive it. The same plumbing can support digital banks, gaming apps or cross-border marketplaces – anywhere money moves.

Stablecoins as programmable money

The rise of stablecoins as a more trusted form of cryptocurrency has been a game-changer. In its 2025 Stablecoin Playbook, Dynamic argues that stablecoins have a role to play as more than faster, cheaper fiat substitutes – they’re programmable, composable, globally accessible money. And Dynamic has built such a level of sophistication around its wallet infrastructure that it can now combine it with all the accoutrements users expect from traditional bank accounts.

“Through us, developers get not just the infrastructure,” says Turbahn, “but the layers on top that make it easy to build a complete experience. We don’t just give clients the wallet – we give them the code to earn yield, issue a debit card and make transactions.”

This evolution led to Stablecoin Accounts v2, Dynamic’s latest product suite, which bundles compliant wallets with software development kits, know-your-customer hooks, and integrated user flows.

“Visit five sites using Dynamic and you’ll see five different user experiences,” notes Turbahn. “That flexibility makes it mainstream. “It’s not just about building the rails; it’s about standardising the developer experience, so they can focus on creating the customer journey – moving money in or out – without worrying whether the infrastructure can support it.”

Dynamic’s growth mirrors the rise of infrastructure companies like Amazon Web Services, Plaid and Stripe, which turned complex systems into easy-to-use APIs.

“Our win is when crypto companies like Kraken or Ondo can build in days, not years. We’re an invisible enabler,” he adds. “The infrastructure powering the next generation of finance.”

As the crypto ecosystem matures, security is non-negotiable. Dynamic’s unique answer lies in multi-party computation (MPC), a cryptographic approach that splits a private key across multiple parties.

“A wallet is a private key, a secret only you know,” Turbahn explains. “The best way to keep that secret safe is if it doesn’t exist at all.” With MPC, the secret never exists in one place; only when two or more parties communicate can a transaction occur. “If I get hacked,” he says, “the secret isn’t there to steal. You can’t lose what doesn’t exist.”

Regulation: from friction to fuel

Crypto’s relationship with regulation has long been fraught, but for Dynamic, the emerging era of compliance oversight isn’t a constraint – it’s an advantage.

“Regulation is a friend,” says Turbahn. “It’s clarity in the market, setting the rules so people can innovate within them. Regulatory clarity and compliance are critical enablers of growth. The more clarity you have, the more big financial companies enter, the more innovation follows.”

The EU’s MiCA (Markets in Crypto-Assets) framework and the UK’s planned stablecoin legislation – imposing rules such as full reserve backing, where each coin must be backed by a real asset of equal value – are viewed as catalysts rather than obstacles. Dynamic’s infrastructure directly integrates with know-your-customer (KYC), anti-money laundering (AML) and fraud prevention software, allowing fintechs to focus on innovation without regulatory risk.

“It’s about building rails the right way from the start,” he adds. Ask Turbahn what the world will look like three years from now, and he doesn’t hesitate. “Today we talk about crypto,” he says. “In three years, it’ll just be an integral aspect of finance. Like the worldwide web, crypto will be accepted as a tool.”

“Today we talk about crypto. In three years, it’ll just be an integral aspect of finance. Like the worldwide web, crypto will be accepted as a tool”

Dynamic’s long-term measure of success reflects this vision: “When I open my phone, what percentage of apps have Dynamic or a crypto wallet built in?” he asks.

He’ll know it’s landed, when the next Revolut or SoFi is built crypto-first. “It’ll be weird if your app doesn’t have crypto in it,” he says, “just like it’d be strange today if it didn’t use the internet.”

Democratising global access

If regulation drives adoption in developed markets, necessity drives it elsewhere.

“The biggest step forward is happening outside the US,” Turbahn observes. “There’s a saying: the future is already here, it’s just not evenly distributed. That’s especially true for finance.”

He points to emerging markets where volatile currencies, limited banking infrastructure and global commerce make stablecoins a no-brainer.

“In Nigeria, Pakistan and Brazil, you’ll see global-first neobanks emerge that couldn’t have existed before,” he predicts. “It’s very democratising. A user in Argentina can now enjoy access to the same financial systems as a US local.”

So, for Turbahn, crypto’s real benefit lies in financial equality.

“Innovation now means giving everyone access to the same opportunities advanced markets take for granted. By enabling crypto, regulators are evening out the playing field. They’re granting access to opportunities people couldn’t reach before.”

The implications of faster, programmable money extend beyond payments, too.

“If I can send someone money in five seconds instead of five days, and at a cost of 0.1 per cent instead of two per cent, that’s innovation,” Turbahn says. “Faster movement of money means faster activity in the market and faster growth. A dollar that changes hands more quickly drives more economic activity. Finance is the oil that powers the wider economy. If we get that right, the potential is enormous.”

In his view, stablecoin rails could become a macroeconomic accelerant and they should be seen as having a major upside by regulators. Finance, once a walled garden of incumbent vested interests and legacy systems, is now in the wild and moving at pace.

“We’re in the business of enabling future innovation,” Turbahn says. “And it’s cool to be a small part of that.”

As stablecoins gain traction as a default settlement layer, Dynamic’s role as a neutral, chain-agnostic bridge will only deepen. With support for Ethereum, Solana, Cosmos, Bitcoin, Base and Sui, the company lets developers build once and serve users on any network.

It’s the kind of architecture that could make the ‘multi-chain future’ real, and help deliver on the original promise of crypto: to create a new form of money that moves at the speed of the internet.

The future is already here

The wallet revolution isn’t coming, it’s unfolding in real time. Across fintechs, neobanks and global payment providers, stablecoin adoption is shifting from pilots to production infrastructure. And, like the best enablers, Dynamic’s role is in the background – powering experiences users love, without them ever knowing it’s there.

“Our success,” Turbahn says, “is if every developer knows about Dynamic – but no end user does. They’re just enjoying experiences that work seamlessly.”

It’s a reminder that the future of finance won’t arrive in a headline. It will do so via the code quietly connecting the world’s wallets, one transaction at a time

This article was published in The Paytech Magazine Issue #17, Page 35-36