The Fraud Boxer Podcast Payments Corner: Stablecoins vs Fed Now
Aug 29, 2025
Dive into the world of real-time payments with insights on Stablecoins and FedNow. Discover how Stablecoins, pegged to the US dollar, offer predictable value while operating on blockchain. Explore the unique features of FedNow, which caters to domestic transactions like payroll and instant refunds. Learn about the regulatory landscape and merchant adoption strategies to optimize these payment methods. The conversation highlights key differences in speed, settlement, and scope, making for an engaging discussion on the future of finance.
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Different Rails, Different Reach
- FedNow is a U.S.-focused, bank-to-bank real-time rail that requires banks to enroll to participate.
- Stablecoins run on blockchain and can be global, 24/7 rails pegged to a fiat currency like the US dollar.
Choose 24/7 When You Need Always-On Money
- Use stablecoins when you need true 24/7 instant movement and liquidity outside bank hours.
- Consider whether settlement timing and the recipient's ability to receive on-chain fit your use case.
Off-Ramp And FX Are Still Real
- Stablecoin recipients must be enrolled on the network and may need off-ramp conversion to local fiat.
- Cross-border use often reintroduces FX costs unless the recipient accepts USD or stablecoin directly.