# Guillaume Nervo, Merkl | Institutional Stablecoins Need a Revenue Distribution Layer

- Channel: [Stable Summit](https://streameth.org/stable_summit)
- Date: 2026-04-09
- Duration: 15:08
- Watch: https://streameth.org/watch/yt-QRSDfmE9ZAA
- YouTube: https://www.youtube.com/watch?v=QRSDfmE9ZAA

## Description

Institutional stablecoins generate revenue, but how is it distributed?

In this keynote, Guillaume Nervo (Merkl) explores why a dedicated distribution layer is needed, and how incentives, yield, and revenue flows can be structured across participants.

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Stable Summit IV
Cannes · 27-28 March

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