Web3 Payments: Stablecoins in Cross-Border Payments

Web3 payments: stablecoins in cross-border payments

Overview

How are stablecoins transforming global payments? In this MERGE Madrid panel, moderated by the Argentine Fintech Chamber, Range, Checkout.com, Hedera, Notabene and Societe Generale FORGE analyze the role of stablecoins and tokenized money in payments: the case of cross-border B2B payments, the Travel Rule, cross-chain fragmentation, yield and adoption challenges.

What you'll learn

• Stablecoins in payments: faster settlement for merchants and businesses
• Cross-border B2B payments: why they are the big opportunity
• Travel Rule: the “Swift of crypto” to trust between institutions
• Fragmentation: the challenge of operating across many chains and coins
• Banks and stablecoins: regulated issuance, tokenized deposits and yield
• Adoption: efficiency, user experience and emerging markets

Session summary

Stablecoins in payment flows: Checkout.com describes the growing demand from merchants who want to collect or settle in stablecoins, and the interest in emerging markets such as Argentina due to volatility.

Network advantages: Hedera highlights institutional trust (with large companies running nodes), fixed fees and fairness in transaction ordering, alongside the challenge of fragmentation across stablecoins and chains.

B2B payments: Notabene explains that the big goal is cross-border B2B payments; after building a “Swift for crypto” based on the Travel Rule (with a cited volume of around 5 billion dollars per day, according to the talk), it is working on a “pull payment” flow and open payment networks that avoid complex bilateral agreements.

Banks and FORGE: Societe Generale FORGE presents its experience issuing regulated stablecoins in euros and dollars (complying with MiCA), their use as bearer electronic money, and the addition of yield via DeFi vaults, alongside CBDCs and tokenized deposits.

Bottlenecks: Range notes that technology and regulation have advanced a lot and that the next step is user experience and a multichain view (with monitoring and compliance tools), while the panel agrees that efficiency, corridors with inefficient traditional banking and user protection will shape adoption.

Watch the full talk

Watch the full recording on MERGE's YouTube channel, with Range, Checkout.com, Hedera, Notabene and Societe Generale FORGE on web3 payments and stablecoins.

FAQs

What are cross-border B2B payments with stablecoins?
According to the talk, payments between businesses in different countries settled with stablecoins, seeking greater speed and lower cost than traditional rails.

What is the Travel Rule?
According to the talk, the rule that lets institutions trust each other in a crypto transfer, similar to a Swift or SEPA payment.

Can stablecoins generate yield?
According to the talk, by regulation they do not pay interest directly, but they can generate yield through DeFi solutions such as lending vaults.

Is this investment advice?
No. This content is informational and summarizes what was presented in the panel; it does not constitute investment or legal advice. Consult a professional for your specific situation.