The Fungibility of Stablecoins: Unlocking Cross-Border Payments or Fragmenting the Global Financial System?
July 2025
The GFTN roundtable on the “Fungibility of Stablecoins: Unlocking cross-border payments or fragmenting the global financial system?” held in collaboration with the Ripple Policy Summit during Point Zero Forum, brought together public and private sector leaders across markets to discuss whether stablecoins can unlock the promise of seamless cross-border payments or risk fragmenting the global financial system.
The conversation was timely, insightful, and underscored the importance of interoperability, standards, and cooperative regulation. Below are the five key takeaways and associated actionable outcomes identified during the session, which can drive forward meaningful stablecoin adoption and global harmonisation of regulatory requirements.