Evolving Money: Stablecoins in Practice and Policy (Sponsored Content)
Masters in Business
Bloomberg
4.4 • 2.2K Ratings
🗓️ 10 May 2026
⏱️ 25 minutes
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Summary
Stablecoins are cryptocurrencies designed to maintain a stable value because they’re pegged to a fiat currency, such as the U.S. dollar. The result is a highly liquid currency with a fixed value. Stablecoins are transacted on crypto rails as opposed to legacy banking systems, meaning they are faster, cheaper, and easier to use.
Checkout.com, a leading global payments processor, is putting stablecoins into practice. They are upgrading their platform so that customers and merchants can use stablecoins in everyday transactions. Meanwhile, Coinbase is working with multiple levels of government to make sure that both legislation and regulations are in place to allow companies to use stablecoins with confidence.
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Transcript
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| 0:00.0 | Since you're a subscriber to this Bloomberg podcast, we thought you'd be interested in a sponsored |
| 0:04.8 | podcast called Evolving Money. Produced by Coinbase and Bloomberg Media Studios, it explains how |
| 0:11.8 | institutional investors are adopting the world's newest asset class, crypto. Here's a recent |
| 0:18.5 | episode. |
| 0:34.3 | You had the government sending a message to innovators and developers that they should basically take any ideas that they may have and take them overseas or put them in a drawer somewhere and just abandon them. |
| 0:39.7 | That's Fariar Shurzad, the chief policy officer of Coinbase, talking about the way things used to be with stable coins. |
| 0:42.2 | But the message from Washington has changed in the last year. |
| 0:46.2 | And so what you're seeing now with this sea change in governmental attitude is it's actually |
| 0:50.7 | a permission structure around developers and innovators who want to think creatively about different payment solutions that could be executed on with the use of stable coins. |
| 1:01.4 | That unleashed creativity is powering a movement amongst major financial services companies who are now integrating crypto into their operations. |
| 1:09.8 | In many cases, they're starting with stable coins. |
| 1:13.2 | There are a number of reasons for that, including the ability to move money more cheaply and efficiently. |
| 1:19.1 | By our account, there's about 250 different projects have been announced by any number of financial players and developers. |
| 1:26.5 | So the biggest banks, the payment processors, the credit card companies, corporates, and others to integrate. |
| 1:32.9 | And I think we're just at the tip of the iceberg. |
| 1:38.1 | I'll talk more with Firear about policy trends in a couple of minutes. |
| 1:41.2 | But first, I want to give you a peek into one of those 250 different projects he referred to. Checkout.com. It's an example of a major financial |
| 1:50.3 | player investing in stable coin infrastructure right now. They are a PSP, that's a payment |
| 1:58.5 | service provider, an invisible intermediary working behind the |
| 2:02.5 | scenes when you buy something online. Checkout.com started out processing credit cards, then |
| 2:08.2 | moved into debit cards, and because they're global, they also facilitate currency exchange. |
| 2:14.7 | Now they're deploying a major upgrade to their platform that will allow consumers |
... |
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