Beyond the Hype: Where Stablecoins Deliver Real Value in Banking and Payments

The first stablecoin race was straightforward. Accumulate supply. Customers exchanged dollars for tokens, the issuer invested the corresponding reserves primarily in highly liquid assets, and the interest generated on those reserves became revenue. Scale the circulating supply into the tens of billions of dollars, and stablecoin issuance began to resemble an extraordinarily efficient financial bus

The battle over the future of digital money is becoming less about choosing between stablecoins, tokenised bank deposits and central bank money, and increasingly about building infrastructure capable of allowing... read more The post Digital Money Race Shifts From Tokens to Infrastructure appeared first on Payments Industry Intelligence .

Stablecoins have grown into roughly $317 billion of real payment infrastructure, but the anti-money laundering rules meant to police them were designed for banks, not blockchains, creating gaps around real-time monitoring, peer-to-peer transfers, and inconsistent risk-flagging by analytics firms. A new RUSI Commentary, based on roundtables with regulators and industry, argues that compliance shoul