“Don’t put your head in the sand: Stablecoin adoption is not going away.” In a Moneyweb interview, Chanal Subramoney, senior group compliance manager at Yellow Card, cautioned that without an adopted stablecoin strategy, businesses risk accumulating what he calls optionality risk. He stated that “stablecoin adoption is actually increasing, and I’m not even referring to crypto firms. I’m referring to these traditional finance giants, the likes of Visa that you’ve mentioned,” and added that some are already using stablecoins for payment settlements. Subramoney emphasized that the current trajectory is less about speculation and more about facilitating transactions: “This is not around speculating with these stablecoins. This is just around making transactions easier.”
He warned that neglecting to develop a stablecoin plan could be costly, highlighting the need to address several strategic questions from on- and off-ramping partners to jurisdictional footprints and compliance enhancements. He explained that a robust stablecoin strategy should cover which partners to work with for fiat-to-stablecoin ramps and which jurisdictions to operate in to improve efficiency. “There are a lot of things you need to consider in the strategy. For example, whom do you choose to partner with in terms of on-and-off ramping the fiat and the stablecoins? Which jurisdictions do you want to operate in—and do those partners operate in those jurisdictions to create operational efficiency for your businesses?” He added, “And then you’ve got to also think about enhancing your existing compliance frameworks for stablecoin adoption.”
According to Subramoney, the move is about practical integration into business processes rather than replacing banks: “This isn’t around saying, well, ‘We will replace banks’. This is around having plans and strategies in place that bring stablecoins into your process and into your business.” He pointed to the potential benefits of stablecoins, noting that “Now stablecoins allow your business to maintain a single global liquidity pool on chain.” In his view, centralizing liquidity can improve efficiency: “So instead of prefunding multiple accounts to handle local payments, you can have a Treasury team that can hold a central reserve of USD-backed stablecoins, and then you can deploy them to any market instantly, as and when you need.” The discussion also touched on cross-border payments’ historical inefficiencies and the broader regulatory environment, with Subramoney noting that policy clarity is evolving as regulators respond to stablecoin adoption.
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