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Crypto · Stablecoins

Crypto & Stablecoin Payments

Crypto on-ramps and off-ramps are now part of regulated payments. These posts cover product design for fiat↔crypto rails, stablecoin settlement, custody and the compliance frame (Travel Rule, VARA, FATF) that a payments product team has to ship inside.

◆ Essays

Field notes for this hub.

9 essays
Jul 7, 20268 min read

SWIFT and Cryptocurrency: The Honest Take

Stablecoins solve a real cross-border problem in specific corridors. They do not solve every cross-border problem in every corridor.

Jul 1, 20268 min read

Visa and Mastercard Join Open USD: The Stablecoin Battle Moves to Distribution

Forget the 140-partner logo wall. Open USD's real move is sharing reserve earnings with everyone who distributes the token, and Visa and Mastercard joining that compact rather than fighting it.

Jun 24, 20266 min read

Project Pangea Shows Stablecoin FX Needs PvP, Not Hype

More than 50 banks holding over $10 trillion in assets are testing whether FX can move from T+2 to T+0 without losing the controls the delay quietly buys. Project Pangea's PvP design, on Swift and ISO 20022, is the part worth reading.

Jun 23, 20266 min read

The Bank of England's Stablecoin Rules Are an Operating Model

The Bank of England's systemic stablecoin rules are not just a regulatory update. They define the operating model that serious payment products will have to build around.

Jun 20, 20266 min read

Zodia's Luxembourg Licence Turns Stablecoin Custody Into Payment Infrastructure

Zodia's new Luxembourg Payment Institution licence lets it custody and transfer stablecoins under one roof. Custody, EMT transfer, settlement, treasury, and reconciliation are collapsing into a single institutional product surface.

May 20, 202612 min read

Future of Treasury With Stablecoins: What Changes, What Doesn't, and the 5-Year Map

Stablecoins are not the future of consumer payments, that conversation has been over for a year. They are increasingly the future of treasury, where the working-capital math is different and the regulator picture is converging. This is what changes, what doesn't, and the realistic 5-year map.

May 5, 202610 min read

Crypto On-Ramps: A Product Guide for Banks and Fintechs

A crypto on-ramp is a payments product, not a crypto product. The hard parts are KYC tiering, sponsor liquidity, FX exposure and Travel Rule, not the wallet integration.

May 3, 20269 min read

Crypto Off-Ramps in Emerging Markets: The Real Plumbing

An off-ramp is only as good as the local payout rail underneath it. In emerging markets, that rail is the hardest, most fragile part of the entire crypto stack.

May 1, 202610 min read

Stablecoin Payments in 2026: Where USDC, USDT and Bank-Issued Stables Actually Fit

The useful stablecoin work is less dramatic than the headlines: B2B settlement, treasury movement, and payout corridors where fiat rails still create avoidable delay.

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