Coinbase Institute

The latest FSB Cross-border Roadmap Progress Report found that costs remain high and retail payment speed and transparency continue to lag behind the G20’s 2027 goals, concluding, “It is unlikely that satisfactory improvements at the global level will be achieved in line with the 2027 Roadmap timetable.” Meanwhile, new Stanford research into millions of cross-border stablecoin transactions shows most of them settle in minutes at lower costs. Five years into the roadmap, pragmatism demands we embrace what works. Stablecoins work. It is time to say so formally and build policy frameworks that accelerate their role in transforming cross-border payments. Lisa Claire Nestor

Important new report from Imperial's The Centre for Financial Technology on stablecoins in the UK. The scope and detail are impressive, and the topical "boxes" from experts are must-read. https://lnkd.in/gtYDqNfU

Beyond the Deposit Debate: Why Stablecoins Complement Banks and Strengthen the Dollar By adopting blockchain rails, collaborating with tokenized ecosystems, and extending their core lending strengths into crypto-native environments, banks can expand their role in the next generation of financial markets. But this transition is not only about banks. Regulators also must recognize that integration, not resistance, is the path to competitiveness. That means allowing stablecoin issuers and platforms to operate on a level playing field—including the ability to offer incentives, just as other financial products do—so that adoption can grow safely and transparently. Prof. J.W. Verret, JD, CPA/CFF, CFE, CVA, CCFI

The Bank Secrecy Act remains a cornerstone of U.S. financial integrity, but its execution is stuck in the past. Requiring every institution to collect, store, and transmit sensitive personal information is both risky and ineffective. Zero knowledge proofs provide a modern alternative: one that modernizes our financial systems and brings real benefits to consumers. Policymakers should encourage the adoption of ZKPs within BSA compliance frameworks, allowing institutions to meet their obligations without perpetuating the inefficiencies of a paper-based era. Read more in this CBI explainer.

For a few years, payments service providers have been using stablecoins to improve their global money movement capabilities. More recently, there is increasing anecdotal and empirical evidence that migrant workers and their families are using stablecoins natively to make these important support transfers. We examine Coinbase data and find that among crypto transfers that are possible remittances, stablecoins are playing an ever greater role, particularly over the last three years.

The U.S. Chamber of Commerce has just published its 4th report on the key role that diverse technology platforms have in helping small businesses operate and compete. Introduced in 2022, this nationwide analysis continues to explore the technologies used by small businesses, how these have changed over time, and the effects of these trends on these enterprises and the economy at large. Some observations on digital assets from the report: - 96% of small business owners said they plan to use new types of technologies like AI and cryptocurrencies - 86% would like to learn more about crypto & stablecoins - Interest in adopting crypto and stablecoins was high (71% and 69%, respectively) Read the report here: https://lnkd.in/gt9Hh88y Veronica Hash 🛡

Smaller banks have historically been cautious about digital currencies, but stablecoins—digital tokens backed by safe, liquid assets like US Treasuries—present significant opportunities rather than threats. With the recent GENIUS Act providing clearer regulatory guidelines, community banks can now confidently explore how stablecoins can make their operations more efficient and offer customers faster, cheaper payment options. Community banks can embrace stablecoins as tools that help them compete with larger institutions, reduce transaction costs, and provide innovative services that keep customers engaged.