Stablecoins are everywhere in the news and not just in crypto circles. Around the world, governments, financial institutions, and fintech innovators are actively exploring their use in payments. Just in the past few weeks, we’ve seen multiple announcements: Stripe & Paradigm launching a new blockchain project for stablecoin payments. Ripple & BNY Mellon securing custody for stablecoin reserves. Finastra & Circle enabling stablecoin settlement in cross-border payments. Citi exploring stablecoin payments. Visa expanding support for stablecoin rails. Paxos and AllUnity respectively deploying new USD- and Euro-backed tokens. US state of Wyoming introducing its own USD-pegged stablecoin. JPYC Inc. preparing to issue Japan’s first stablecoin. Hong Kong announcing plans to issue its first stablecoin licenses in early 2026. The Genius Act offering a regulatory framework for stablecoins in the US. Thi...
In my blog " The Missing Link in Fraud Prevention: Real-Time Customer Dialogue " ( https://bankloch.blogspot.com/2025/06/the-missing-link-in-fraud-prevention.html ) I argued for moving fraud checks earlier in the payment flow. Rather than waiting until a customer has signed and submitted a payment, banks should interact during the initiation phase. This not only allows for blocking fraudulent transactions sooner but also serves to educate customers in real time. With Authorized Push Payment (APP) fraud on the rise, early-stage interaction is a step in the right direction. But what if we could go even further? To truly understand how we can intervene more effectively, we need to break down a typical scam into four distinct stages: Stage 1 – The scam is underway, but no financial transaction has been initiated. Stage 2 – A payment is being initiated but not yet confirmed by the customer. Stage 3 – The payment is signed and submitted but not yet fully processed....