Program Spring Summit · 2026

Regulatory Outlook

Stablecoins & the Card Stack

Panel

When & Where

  • Tuesday · April 14

    1:30 PM – 2:45 PM

    Empire Ballroom

About

Three issuers and an academic on what the rails actually look like in 2026, where the card stack absorbs stablecoin settlement, and which arrangements the Fed appears to want to bless.

Speakers

  • Arjun Mehta

    Keynote

    Arjun Mehta

    Chief Risk Officer · Global Pay Networks

    Arjun Mehta runs risk for one of the four largest card networks in the world. He oversees model governance, issuer fraud strategy, and the regulatory interface for an institution that processes more than $4 trillion in annual settlement volume. He sits on the FS-ISAC...

  • Dr. Jonathan Reeves

    Presenter

    Dr. Jonathan Reeves

    Director, Quantitative Risk · Princeton University

    Jonathan Reeves directs the Quantitative Risk program at Princeton's Center for Financial Studies. His current research on stablecoin collateral mechanics has informed the Federal Reserve's working papers and the OCC's interpretive guidance. He consults selectively for...

  • Mira Velasco

    Presenter

    Mira Velasco

    Head of Compliance · Federated Card Services

    Mira Velasco runs compliance for Federated, one of the largest issuer processors in the country. She has built and rebuilt the consumer-facing complaint resolution architecture three times across two regulatory cycles, and is one of the few practitioners who has worked on...