FROM HYPE TO UTILITY
The Paypers has published its Global Stablecoins Report 2026, featuring insights from Rapyd’s David Rosa, General Manager of FX, Wallets and Payouts. Inside, he examines why institutional stablecoin adoption is accelerating, where stablecoins are proving most valuable for treasury operations and what businesses should know as traditional and crypto-native rails begin to converge.
EXPLORE FIVE KEY THEMES
Theme 1: What’s driving institutional stablecoin adoption – The US dollar dominates international trade invoicing. Moving it through traditional correspondent banking is slow, costly and fragmented. Stablecoins change that — enabling near-real-time settlement without intermediaries, on a single global ledger.
Theme 2: Real-time treasury liquidity – Getting the right amount of cash to the right place at the right time is one of treasury’s most persistent challenges. Stablecoins make USD liquidity available almost instantly — replacing days of waiting with near-immediate access to funds.
Theme 3: How Rapyd built its stablecoin infrastructure – Rapyd’s stablecoin capability grew from real merchant demand. International merchants began requesting stablecoin settlement as an alternative to maintaining USD accounts abroad. That starting point evolved into a full stack — settlement, payouts and pay-ins for USDC and USDT.
Theme 4: Where traditional and crypto-native models differ – Regulations like the GENIUS Act and MiCA have given traditional institutions the confidence to engage with stablecoins. But where traditional players replicate closed, bilateral models, crypto-native infrastructure is built for open, global value transfer.
Theme 5: Complement or compete? The next three to five years. Stablecoins may start by complementing existing rails, but their broader impact is structural. They are reducing the dominance of traditional cross-border payment systems and shifting control from central banks to market participants.
David Rosa
GM of FX, Wallets and Payouts, Rapyd
David Rosa is a fintech entrepreneur and Rapyd’s GM of FX, Wallets, Portals and Payouts. He oversees key functions for Rapyd’s Fintech-as-a-Service infrastructure, solving global payment complexity with stablecoins, local payments, FX, wallets and AI compliance solutions designed for international scale.
“Stablecoins are not just a tool. They are reshaping cross-border payment structures and players, lessening the dominance of traditional systems.”
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Download The Paypers Global Stablecoins Report 2026 to understand how stablecoins are being adopted, where they fit in your payments stack and what Rapyd is building to help businesses move money in real time.