The Stablecoin Debate Unpacked: Crafting the Right Rules for Stability, Security and Growth

July 2025

Stablecoins have been used mainly for crypto trading, but their ability to serve other use cases offers tremendous untapped opportunities. While global stablecoin transaction volume grew above US$27 trillion in 2024, over 90% of this was from crypto trading activity. 

At the Point Zero Forum 2025, policy experts gathered to tackle the key risks of ML/TF compliance, consumer protection, and financial stability. This report summarises the hard-hitting discussion that took place on the future of stablecoin regulation, breaking down the real risks, real opportunities, and real regulatory solutions that will determine whether stablecoins remain an experimental asset class—or the foundation of the next financial revolution.

This discussion reunites the banking and crypto voices from the three-part debate (Battle Royale of Payments, Digital Currency Showdown and Wheel of Fortune: Who Will Win the Payments Game?) held across past GFTN Forums. 

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