Banks and the companies whose technology underpins much of the finance industry say the shift could become clear as soon as this summer, when banks’ business customers would be allowed to pay overseas suppliers with stablecoins and consumers would be able to use them for purchases.
“As stablecoins become more popular and more regulated, and there’s a lot more confidence in using them as a tender type, we are going to work on behalf of our clients to ensure they have access to stablecoin flows,” said Sunil Sachdev, head of embedded finance at Fiserv, one of the two big technology companies that manage the banking system’s financial plumbing.
