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
Circle Payments Network White Paper Circle’s Payments Network White Paper outlines a new global settlement protocol connecting banks and fintechs through USDC and EURC. The network merges blockchain programmability with regulated compliance, reshaping cross-border and institutional payments. Luc
The State of Stablecoins 2025: Supply, Adoption & Market Trends Dune and Artemis’ State of Stablecoins 2025 reveals a USD 225 billion market growing 63% YoY, with over USD 35 trillion in annual transfers. Fiat-backed models dominate, while Solana and Base emerge as the new stablecoin powerchains. Luc
Private Credit: Risks and Benefits of a Maturity Wall Model shows how finite-life funds’ ‘maturity wall’ disciplines borrowers and expands credit, shifting risk from banks while raising liquidation risk. Net effect: higher expected output but sharper tail losses, with implications for co-financing, bank portfolios, and policy trade-offs. Luc • Private Credit
Private Credit: From Corned Beef to Tenderloin — Rethinking the Industry Beyond the Headlines Private credit has become an easy target for sweeping generalisations. Just days after Jared Kushner brokered the USD 55 billion take‑private of Electronic Arts (Reuters), headlines were quick to draw sweeping parallels. The Financial Times framed the First Brands collapse as an 'Enron moment,' while The Economist Luc • Private Credit