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Stablecoins Reshape Cross-Border Payments as Banks and Networks Step In – PYMNTS.com

Highlights
Banks and payment networks are embedding stablecoins into cross-border settlement to cut inefficiencies.
Interoperability and prefunding models are critical to making stablecoins viable at scale.
Institutional adoption depends on trusted rails, governance and regulatory compliance.
Stablecoins were once the province of private issuers, characterized by opaque backing, fragmented liquidity and minimal oversight.

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At times, they behaved more like speculative assets than steady payment mechanisms.
However, established banks and global payment networks are increasingly embedding stablecoins into settlement rails that corporates and treasurers may trust.
Traditional cross-border payments are cumbersome. A payment may travel through multiple correspondent banks, each charging fees, performing compliance holds and holding prefunded balances in various jurisdictions. This leads to multiday settlement, foreign exchange slippage, float costs, limited transparency and reconciliation burden.
Stablecoins on blockchain rails seek to address these frictions directly. Because stablecoins are typically pegged to fiat currencies like the U.S. dollar, volatility is minimized. Settlement can become atomic and near instant. Token transfer and transaction metadata move together. Liquidity can be supplied just in time, so capital isn’t locked across multiple nostro accounts. Programmable rules can embed reconciliation, enforce compliance or trigger conditional transfers.
Stablecoins are emerging as connective settlement layers in B2B cross-border flows, helping chief financial officers manage liquidity more efficiently. When Coinbase reported second-quarter earnings results in July, CEO and co-founder Brian Armstrong said cross-border stablecoin payments are likely a $40 trillion opportunity, and the B2B market is 75% of that.
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Payment networks are among the first incumbents to fold stablecoin rails into their strategies. Visa announced Tuesday (Sept. 30) a pilot to enable institutions to prefund stablecoin balances into Visa Direct for global disbursements, while recipients still receive fiat. This cuts prefunding friction and turns what were days of float into minutes.
Visa framed stablecoin prefunding not as a cryptocurrency experiment, but as a treasury liquidity tool, treating tokenized balances as “money in the bank” for outgoing payouts.
Mastercard has also launched initiatives to settle cross-border card flows using tokenized settlement, emphasizing integration into existing payment infrastructure, interoperability across rails and regulatory compliance.
These network-led pilots signal that stablecoins are being embedded as extensions of, not replacements for, established processing rails.
Banks are not idle. Many of the world’s largest institutions are exploring issuance and settlement capabilities. Those banks see stablecoins as a mechanism to streamline cross-border flows.
In Europe, a consortium of nine banks announced Sept. 25 that they launched a project to issue a euro-denominated stablecoin under the European Union’s Markets in Crypto-Assets regulation (MiCA) supervision, aiming for it to become “a trusted European payment standard” with near-instant, low-cost, cross-border settlement.
At the same time, banks are embedding existing stablecoins rather than reinventing everything. An August collaboration between Circle and Finastra connects bank payment hubs to Circle’s USDC settlement infrastructure, enabling fiat-originated payments to settle in USDC behind the scenes. This hybrid approach reduces friction for banks wanting stablecoin efficiency without rebuilding front-end systems.
Stablecoin rails are not uniformly cohesive. Many stablecoins exist across multiple blockchains (Ethereum, Solana, Avalanche, etc.). To move value across chains, institutions must use bridges, which lock tokens on one chain and issue equivalents on another. But bridging carries liquidity fragmentation, hidden spreads and security vulnerabilities.
Bridging may soon be central to liquidity management, cross-border settlements and risk exposure, and CFOs must manage predictability, liquidity and risk across multiple chains. Further, stablecoin bridging and token swaps introduce operational risk. Bridge hacks historically have accounted for roughly 40% of crypto value lost across the sector.
Networks and banks have an opportunity to reduce these risks by offering standardized cross-chain settlement services, curated liquidity pools and governance to rationalize fragmentation.
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We’re always on the lookout for opportunities to partner with innovators and disruptors.

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Taylor Swift Explains the Lyrics to Charli xcx-Inspired 'Actually Romantic': 'You've Been Living in Their Head Rent-Free' – People.com

  1. Taylor Swift Explains the Lyrics to Charli xcx-Inspired ‘Actually Romantic’: ‘You’ve Been Living in Their Head Rent-Free’  People.com
  2. Taylor Swift’s Charli xcx hit job misses the point – and underscores her tedious obsession with conflict | Laura Snapes  The Guardian

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Winning EuroMillions and Thunderball numbers on Friday, October 3, 2025 – Gloucestershire Live

There is another multi-million prize up for grabs in the National Lottery EuroMillions game tonight (Friday, October 3) with a £25m jackpot.
It's a super sum of money that would brighten anyone's weekend and dramatically alter any small scale plans you may have had.
It would be time to really push the boat out with all that dosh.
You'll need all five main numbers and the two Lucky Stars to stake your claim.
We'll also bring you the National Lottery Thunderball results with its £500,000 jackpot.
Remember, please play responsibly and best of luck.
Tonight's winning EuroMillions numbers: 6, 12, 18, 25, 41. Lucky Stars 2, 6
Tonight's winning Thunderball numbers: 7, 16, 26, 31, 37. Thunderball: 1

There is also a chance to win £1m in the UK Millionaires Maker part of the game.
This sees all players entered into a draw with a guaranteed millionaire being made.
There are chances to win EuroMillions every Tuesday and Friday.
You can buy a ticket for £2.50 (on draw days up until 7.30pm).
If you want more games to play, there is also Lotto every Saturday and Wednesday and Set For Life every Monday and Thursday.
The Thunderball draw (which also takes place tonight, as well as every Tuesday, Wednesday, Friday and Saturday,) has a £500,000 top prize.
The jackpot on Lotto on Saturday is a quadruple rollover £10.6m jackpot.
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Could Pi Coin Be Listed on Binance? New Developments in Pi Wallet Spark Speculation – Mitrade

Speculation is growing that  Pi Network’s Pi Coin (PI) could potentially be listed on Binance, the largest cryptocurrency exchange. This comes following reports from several Pioneers who noticed Binance support options appearing in the Pi Wallet.
However, neither Binance nor the Pi Core Team has confirmed or commented on the development, leaving the rumor mill to run wild.
The listing of Pi Coin on Binance has been a longstanding concern for the Pi Network community, known as Pioneers. Since the launch of the open network, Pioneers have consistently advocated for Pi to be listed on the exchange. However, this has not yet materialized.
Recently, the integration of Binance-related support options within the Pi Wallet has renewed the community’s optimism. This has raised hopes that a partnership between Pi Network and Binance may soon be realized.
In a recent post on X (formerly Twitter), a prominent Pioneer, Mr Spock, highlighted that ‘Binance Connect Support’ and ‘Binance P2P Support ‘ options now appear under the Help & Support tab of the Pi Wallet.
“This isn’t just a UI feature. This is a signal. A sign that Pi Network’s Core Team is preparing to bridge Pi to real-world liquidity — and doing it through major global infrastructure,” the post read.
For context, Binance Connect is the exchange’s fiat-to-crypto service. It facilitates the easy purchase and conversion of fiat currencies into cryptocurrencies through various payment methods. The exchange shut the service down in 2023. Nevertheless, Binance later relaunched in 2024.
Meanwhile, Binance P2P enables direct peer-to-peer transactions with more than 800 payment methods and over 100 fiat currencies.
“If Pi Coin becomes tradeable on Binance P2P, pioneers worldwide could buy, sell, or exchange Pi for fiat instantly, securely, and without a middleman. This is exactly the kind of move you’d expect right before Open Mainnet goes fully public. And remember — Binance doesn’t just partner with anyone. If Binance rails are being linked into the Pi ecosystem, it’s because they see potential,” the Pioneer added.
However, Mr Spock added that the development doesn’t directly confirm that Pi Network will be available to trade on Binance immediately. Nonetheless, he noted that it strongly suggests that ‘something big is coming.’
“Don’t be surprised if we wake up one day and see Pi P2P trading live on Binance, opening the floodgates for mass adoption. Keep your wallets ready, your Pi secure, and your vision locked on the future,” the user stated.
Furthermore, PiScan data revealed that a mysterious wallet address has accumulated over 336 million Pi. This has fueled theories that it might belong to an exchange preparing for listing.
Despite the circulating reports on X, it is also worth noting that Binance is not a part of KYB-verified businesses on Pi Network. Moreover, besides the exchange, Pi Wallet also lists support for other payment processors like MoonPay and Stripe. These businesses are also not KYB-verified.
“Only KYB verified businesses will be able to have Pi Wallets on the Pi Mainnet to facilitate their operations,” Pi Network stressed.
The Pi Core Team has remained silent on the matter, leaving the community to grapple with unverified reports. Premature speculation has historically led to community disappointment. Until an official announcement from Pi Network or Binance materializes, the current developments remain rumors.
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