Three Stablecoins That Turn Global Finance Upside Down

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In the dim glow of glass and code, Monica Long speaks as if from a confession booth, and we, the waiting audience, are left to sift truth from lure.

Ripple’s president reveals a trio of omens that have the power to unsettle the very furniture of finance, to transform the ledger from a sacred trust into a living, quivering thing. The room grows thin with anticipation, and a skeptical smile tugs at the mouth of those who have learned to read numbers like fate.

Three Trends That Reshape Global Finance, or So They Say

The first is the “stablecoin flurry,” a carnival of dollar-pegged tokens, each promising to be the key to the kingdom. She asks, with a weary humor that wounds, whether the market truly needs so many, calling to mind the NFT storm of 2020-21. Yet she concedes that some stablecoins do have a use, enabling interbank passage or loyalty schemes, like candles lit in the vast cathedral of commerce.

“Stablecoin payments are all over banks’/payment companies’ earnings calls and crypto Twitter.”

The second trend, she continues, is the rise of “stablecoin payment network popups”-bright banners tied to famous brands. She urges firms to look beneath the gloss, warning that if a provider lacks licensing, the arrangement may merely revive old demons of correspondent banking“These-but-on-a-blockchain.” Ripple itself offers a stablecoin, Ripple USD (RLUSD), intended to give real-world payment and settlement utility.

Payments is finally getting the full embrace from both tradfi and defi as a killer use case for blockchain.

The third point concerns the fashion of proprietary blockchains, schemes that demand vast capital and years of striving to achieve decentralization and liquidity. Long points to public networks like XRPL as proof that a tried-and-true infrastructure already exists for payments: “There are public L1/L2 chains that serve payments well (like…XRPL!).” Still, she cautions that new chains must endure a long, brutal apprenticeship-capital, toil, and patience-before they can dream of being reliable for payments.

For new chains to succeed, they’ll require major capital investment and years of heavy lifting to achieve decentralization, build sufficient liquidity, and develop the infrastructure to work for payments.

And in the murmur of the office, a note of irony hangs like a damp curtain: the future promises speed, transparency, and enlightenment, yet it also humbles us with the weight of money and the fear that all these tokens may slip from our fingers like snow. 😂🙃

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2025-10-06 05:58