Stablecoins, central bank digital currencies, and DeFi protocols are moving from speculative niche to institutional infrastructure. Coverage in this section tracks the regulatory frameworks shaping the market (MiCA in Europe, the GENIUS Act in the US), real-world stablecoin settlement volumes, and the bridges being built between traditional and on-chain finance.
A treasurer's guide to stablecoins in 2026: where they earn their place as a settlement rail, where they don't, and the controls that make conservative use defensible.
PayPal, Visa, and several central banks are now settling real transactions in stablecoins. The window for incumbents to form a view is closing.
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