From “Limited Benefits” to Holy Grail of Cross-Border Payment? Stablecoins in 2025 Stablecoins grew from $20 B to $312 B, moving $27 T a year—but their real test isn’t speed, it’s settlement. Luc Froehlich explains why liquidity, FX, and payout coordination are now the true frontiers of cross-border payments. Luc • Payments
The Stable Door Opens: How Tokenized Cash Enables Next-Gen Payments McKinsey’s The Stable Door Opens (2025) explores how tokenized cash and stablecoins are redefining payments. With USD 27 trillion in annual transactions and regulatory green lights, the era of programmable money is accelerating. Luc
Digital Currency Governance Consortium White Paper Series — Pathways to the Regulation of Digital Currencies The World Economic Forum’s Digital Currency Governance Consortium (2021) explores how public–private coordination can shape the regulation of stablecoins and CBDCs, balancing innovation with stability and inclusion. Luc
Annual Progress Report on Meeting the Targets for Cross-Border Payments: 2023 Report on Key Performance Indicators The FSB’s 2023 progress report benchmarks global payments against G20 targets: costs remain high (1.5–2.5%), remittances average 6.3%, and only 54% of wholesale payments settle within an hour. Tokenized solutions could accelerate progress. Luc
New Value: Stablecoin Trends in Business and Beyond Ripple’s New Value 2025 survey of 1,000 finance leaders reveals that 86% are open to using stablecoins, citing faster, cheaper, and more secure transactions. LATAM and MEA lead adoption as stablecoins move from crypto hype to institutional utility. Luc
Global Cross-Border Payments: A $1 Quadrillion Evolving Market The IMF’s Global Cross-Border Payments report (June 2025) examines the USD 1 quadrillion payments ecosystem and its evolution toward tokenized, interoperable settlement networks spanning stablecoins, deposits, and CBDCs. Luc