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Payments firms have run on a toll booth model for decades: clip a fee off every transaction. Neil Chopra (Head of Strategy & Business Development, Americas, Fireblocks) on why that model is running out of road, and how stablecoins let firms keep funds on platform, get direct to users, and build new services. From the Finextra panel on stablecoin settlement, with Nuvei and EY. Chapters Key Takeaways.

Stablecoin settlement has moved from experiment to execution. Payments leaders from Fireblocks, Nuvei, and EY break down how PSPs go from pilot to launch. In 2025, stablecoin transaction volume hit $33 trillion, surpassing Visa in annual throughput, and 86% of firms now say their infrastructure is ready. For payment service providers and B2B payments firms, the question is no longer whether to build a stablecoin strategy. It's how to ship one that differentiates.

Stablecoins are moving from pilot projects into live bank infrastructure — but the path from proof-of-concept to production is anything but simple. Stephen Richardson, Chief Strategy Officer and Head of Banking at Fireblocks, joins John Lagman of Bloomberg at REDeFiNE Tomorrow 2026 to break down where banks actually stand with stablecoins: the infrastructure decisions they have to make, why most are still in early-stage evaluation, and what a scaled operating model looks like.

Pilots are running. Proof-of-concepts are live. But when does stablecoin activity at banks actually become a production revenue line? Stephen Richardson, Chief Strategy Officer at Fireblocks, lays out the three specific signals he is watching: large regional and GSIB banks enabling stablecoin acceptance as a corporate treasury product, banks initiating stablecoin payouts directly from DDA accounts, and the emergence of bank-to-bank stablecoin networks with compliant messaging infrastructure for cross-border settlement.

Fireblocks CEO Michael Shaulov sat down with Bloomberg at Money 20/20 Europe to launch Flow, a new product that lets payment companies, merchants, and fintechs accept and send stablecoins as simply as Plaid streamlined traditional payments. He breaks down where stablecoin demand is actually coming from, why cross-border corridors are driving adoption, and what a MiCA-compliant euro stablecoin could mean for dollar dominance.

Fireblocks Co-Founder and CEO Michael Shaulov joined NYSE Live to discuss the partnership powering Western Union's first stablecoin, USDPT, and what it signals for the next wave of institutional digital asset adoption. In this conversation with NYSE's Ashley Mastronardi, Michael covers: Fireblocks supports $14T+ in digital asset transactions across 150+ blockchains and powers the infrastructure behind payment giants, banks, and exchanges modernizing how money moves.