Stablecoins are the least controversial first step an institution can take into digital assets.
@_JackMcDonald_ of @Ripple says the infrastructure is largely built and regulation has turned into a tailwind. What's left is education.
Heading to @mmerge_io Madrid next week? @CatarinaVelos12 will be on the mainstage on October 28 to talk through The New Architecture of Cross-Border Settlement.
Come say hi to the team, and reply here with a comment on what you're hoping to learn or get done at Merge this year, and we'll give two complimentary passes to the best answer at the end of this week ποΈ
Today, most institutions manage two operating systems, one for traditional finance and one for digital assets. This industry wins when you only need one.
π¬ "That's when I think we'll have reached a point where we can look around and say, we've really succeeded."
@_JackMcDonald_ of @Ripple with @na_alice
As more companies settle invoices in stablecoins, the list of assets and chains keeps getting longer. Which stablecoin a customer holds shouldn't decide whether they can easily pay you.
"Pay in one stablecoin. Settle in another. No extra conversion step."
To illustrate how @bettermoney_co and Notabene make this possible, @SamBroner and @na_alice walk through a real payment of a Notabene invoice being paid in RLUSD and received in USDC via #NotabeneFlow
π See how it works in the clip below
Financial institutions donβt do business with counterparties they canβt vet. Stablecoins donβt change that.
βWhat Notabene does with verification at the transaction layer gives a lot of comfort.β
@_JackMcDonald_ of @Ripple in conversation with @na_alice
2,300+ counterparties in 100+ markets, on the largest open network of regulated institutions.
@_JackMcDonald_ on why @Ripple invested in us, and what a company holding 75+ licenses looks for in a partner.
We're now supporting authorised distributors of HKDAP, Anchorpoint's regulated Hong Kong dollar stablecoin, with Travel Rule compliance and pre-transaction authorisation.
Counterparties get verified in real time, before any transfer settles.
Brazil's grandfathering period ends October 30, 2026.
Firms already operating there must apply for authorization by then, with anti-money laundering, governance, accounting, and Central Bank reporting in place.
Nicole Dyskant, Regdoor explains.
π Full webinar in the replies
RLUSD went from about $100M in daily activity at the start of the year to $1.3B in August.
@_JackMcDonald_ of @Ripple on why that number matters more than market cap, and what institutions get using RLUSD inside #NotabeneFlow.
The CLARITY Act failed 49-50 on September 15. The SEC and CFTC are moving anyway.
@SummerMersingerof @BlockchainAssn and @LanaCryptoAML sit down tomorrow on what that leaves on a Q4 compliance plan.
π Tomorrow, September 23
π 2:30 PM ET