Fintech Forward Newsletter - Issue 18

With stablecoins undergoing rapid growth, their ability to disrupt the long-established global financial systems invites both increasing scrutiny and excitement at their innovative potential. As the name suggests, they offer a sturdier base to blockchain-backed financial instruments, increasing confidence around their suitability for everyday transactions.  

In this week’s newsletter, we see how that confidence is transferring to the offerings of major financial institutions across the world, who are adopting stablecoins to accelerate and simplify cross-border payments, market expansion, and also mainstream payments. It’s not all smooth sailing, however, as we also delve into the regulatory uncertainties and transparency problems that plague all cryptocurrencies. With that being the case, regulatory frameworks like Europe’s MiCAR (Markets in Crypto-Assets Regulation) are helping to clarify and provide a means of protection for users and investors.  

Of course, no newsletter would be complete without the mention of AI. In a post from the beginning of the year, World Economic Forum member and Circle Internet Financial’s CEO Jeremy Allaire reveals how the convergence of AI and stablecoins is already powering a more inclusive and efficient financial system.