The Faster Payments Council (FPC) recently posted a two-part blog series, Blockchain in U.S. Payments, that expores emerging use cases and opportunities as well as the infrastructure and considerations needed to support implementation. The series considers topics including stablecoins and tokenized deposits, cross-border payments, compliance, fraud, treasury management, governance, interoperability, and more.
Read both parts of Blockchain in U.S. Payments to learn how blockchain may complement existing payment infrastructure and where the technology could fit as the payments industry continues to evolve.
And last month, the FPC published a report, Stablecoins as a Cross-Border Payment Method, that examines how GENIUS Act-compliant stablecoins could be used to improve cross-border payment processes and compares stablecoin-based models to traditional correspondent banking approaches.
The report explores two primary stablecoin payment models: direct stablecoin transfers between parties and indirect settlement models where financial institutions or fintechs use stablecoins as a back-end settlement mechanism. It also outlines the operational, compliance, liquidity, and regulatory considerations organizations must evaluate when implementing stablecoin-based payment solutions.