Stablecoins are gaining traction in the traditional financial sector, with BNY Mellon agreeing to hold Ripple's stablecoin reserves.
CFOs must consider where stablecoins fit into their financial architecture and determine appropriate conditions for their use.
Stablecoins come in various forms, backed by different assets and governed by different mechanisms, requiring thorough understanding and governance.
While offering benefits like faster settlements and global interoperability, stablecoins also introduce complexities that CFOs need to navigate, including governance and potential risks.