Stablecoins have the potential to significantly transform the financial landscape.
However, clear guidance and oversight for the stablecoin market are severely lacking
Op-ed
Stablecoins
Stablecoin Interoperability: Challenges and Solutions
Stablecoins, a form of digital currency pegged to a stable asset such as the U.S. dollar, have the potential to revolutionize the financial ecosystem. As major banks and financial institutions begin to launch their stablecoins or tokenized deposit systems, the future of stablecoins is closely tied to interoperability.
However, due to the market's competitive nature, there is unlikely to be interoperability between these different stablecoins. This lack of interoperability also extends to DeFi and bank-issued stablecoins, as banks aim to advance the tokenization of their products. In the long run, the same way solutions such as decentralized exchanges or cross-chain interoperability protocols serve DeFi the same may emerge to provide interoperability between stablecoins. As the market matures, large players may also be acquisitions of smaller stablecoin issuers, consolidating the market and making it easier for users to move between different stablecoins and platforms.
Overcoming Regulatory Hurdles
The emergence of stablecoins has the potential to significantly transform the financial landscape. However, there are currently significant challenges related to regulation that need to be addressed. Policymaking surrounding stablecoins is often uncertain, which has led many major institutions to take a wait-and-see approach until regulators provide clear guidelines. It is important to note that strict regulation is not necessarily the answer to these challenges. Instead, what is needed is a comprehensive framework that addresses specific concerns and issues surrounding stablecoins. This will provide a sense of certainty and stability to the market, which, in turn, will attract more institutional players and investors. Blockchain technology can play a key role in this process by providing greater transparency and traceability, which can aid in regulatory compliance. By addressing these regulatory challenges and providing a clear framework for stablecoins, we can unlock their full potential and revolutionize the financial ecosystem.
Watch the recent FMLS22 session on "Forex and Crypto Trends 2023."
Stablecoins Contradictions in the World of Cryptocurrency
The current stablecoin market goes against the foundational principles of cryptocurrencies. Most stablecoins lack clear obligations and collateral, which makes it necessary for the public to put their trust in the issuer as no infrastructure can be independently verified. This undercuts the fundamental tenet of cryptography, "Verify, Don’t Trust." Additionally, most stablecoins suffer from severe centralization problems, with centralized exchange partners, custodians, and investment decisions. This violates another fundamental, which is decentralization. Stablecoin issuers also rely on their risk and compliance, and often those of exchanges, to issue their stablecoin. Many of them will have users onboard through their platform or their exchange platform, requiring issuance to their custody on their terms, which often come with lock-ups restricting withdrawals, undermining the principle of "not your keys, not your coins," another core principle of crypto.
Bradley Allgood
Ensuring Stability for Stablecoins
To ensure the stability of the market and protect the interests of investors, regulators need to provide clear guidance and oversight for the stablecoin market. It's also important for stablecoin issuers to be transparent and accountable in their operations by providing clear information about the assets that back the stablecoin, the methods used to maintain its stability, and any risks associated with the stablecoin. They should also adhere to crypto principles, such as decentralization, transparency, and security. This will help to build trust in the stablecoin among users and investors. Only then can stablecoins truly revolutionize the financial ecosystem and provide the benefits of instant, low-cost transactions and increased transparency to users.
Bradley Allgood is the CEO & Co-Founder of Fluent Finance
Stablecoin Interoperability: Challenges and Solutions
Stablecoins, a form of digital currency pegged to a stable asset such as the U.S. dollar, have the potential to revolutionize the financial ecosystem. As major banks and financial institutions begin to launch their stablecoins or tokenized deposit systems, the future of stablecoins is closely tied to interoperability.
However, due to the market's competitive nature, there is unlikely to be interoperability between these different stablecoins. This lack of interoperability also extends to DeFi and bank-issued stablecoins, as banks aim to advance the tokenization of their products. In the long run, the same way solutions such as decentralized exchanges or cross-chain interoperability protocols serve DeFi the same may emerge to provide interoperability between stablecoins. As the market matures, large players may also be acquisitions of smaller stablecoin issuers, consolidating the market and making it easier for users to move between different stablecoins and platforms.
Overcoming Regulatory Hurdles
The emergence of stablecoins has the potential to significantly transform the financial landscape. However, there are currently significant challenges related to regulation that need to be addressed. Policymaking surrounding stablecoins is often uncertain, which has led many major institutions to take a wait-and-see approach until regulators provide clear guidelines. It is important to note that strict regulation is not necessarily the answer to these challenges. Instead, what is needed is a comprehensive framework that addresses specific concerns and issues surrounding stablecoins. This will provide a sense of certainty and stability to the market, which, in turn, will attract more institutional players and investors. Blockchain technology can play a key role in this process by providing greater transparency and traceability, which can aid in regulatory compliance. By addressing these regulatory challenges and providing a clear framework for stablecoins, we can unlock their full potential and revolutionize the financial ecosystem.
Watch the recent FMLS22 session on "Forex and Crypto Trends 2023."
Stablecoins Contradictions in the World of Cryptocurrency
The current stablecoin market goes against the foundational principles of cryptocurrencies. Most stablecoins lack clear obligations and collateral, which makes it necessary for the public to put their trust in the issuer as no infrastructure can be independently verified. This undercuts the fundamental tenet of cryptography, "Verify, Don’t Trust." Additionally, most stablecoins suffer from severe centralization problems, with centralized exchange partners, custodians, and investment decisions. This violates another fundamental, which is decentralization. Stablecoin issuers also rely on their risk and compliance, and often those of exchanges, to issue their stablecoin. Many of them will have users onboard through their platform or their exchange platform, requiring issuance to their custody on their terms, which often come with lock-ups restricting withdrawals, undermining the principle of "not your keys, not your coins," another core principle of crypto.
Bradley Allgood
Ensuring Stability for Stablecoins
To ensure the stability of the market and protect the interests of investors, regulators need to provide clear guidance and oversight for the stablecoin market. It's also important for stablecoin issuers to be transparent and accountable in their operations by providing clear information about the assets that back the stablecoin, the methods used to maintain its stability, and any risks associated with the stablecoin. They should also adhere to crypto principles, such as decentralization, transparency, and security. This will help to build trust in the stablecoin among users and investors. Only then can stablecoins truly revolutionize the financial ecosystem and provide the benefits of instant, low-cost transactions and increased transparency to users.
Bradley Allgood is the CEO & Co-Founder of Fluent Finance
Kalshi Prediction Market and TRON Integration Bridges Traditional Finance with Crypto
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
