Finzly preps support for stablecoin and tokenized deposits
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The demand for stablecoin and tokenized deposits is building exponentially with a new era of programmable money - automated payments executed against predefined rules and conditions - now a reality. According to polling from a Finzly hosted webinar on July 24, 2025, attended by 723 payment leaders from the financial services industry: Nearly half (48%) of respondents are currently exploring uses cases involving programmable money. Furthermore, 44% of poll respondents are concerned with falling behind if their institution doesn't offer stablecoin functionality or tokenized deposits within the next 18 months.
With the passage of the GENIUS Act providing additional clarity and certainty for US financial institutions, banks are looking to stay relevant in the programmable money era. Finzly is emerging as the ideal partner offering a composable, ISO 20022-native platform with smart routing, real-time APIs, and a programmable rules engine that mirrors the flexibility of digital assets like stablecoins.
What are the use cases and benefits of stablecoins and tokenized deposits for financial institutions?
Generate new revenue streams by slashing transaction fees for corporate clients while offering instantaneous settlement infrastructure
Enable faster and more cost-effective cross-border payments, particularly for emerging markets where remittance costs are reduced by an average of 4.5% globally when utilizing stablecoins according to CoinLaw.
Deliver enhanced treasury and cash management services through programmable money and automated compliance systems, creating new operational efficiencies
'The momentum behind stablecoins is undeniable, and we're seeing remarkable interest from US banks who recognize this isn't just a trend,' said Booshan Rengachari, Founder and CEO of Finzly. 'Financial institutions that prepare now with the right infrastructure will be positioned to capitalize on what could be a $2 trillion market by 2028, while those that wait risk being left behind in an increasingly digital financial ecosystem.'
Stablecoin Market Size
McKinsey & Company reports stablecoin circulation has doubled to $250 billion from $120 billion over the past 18 months, with forecasts to reach $400 billion by year-end and $2 trillion by 2028. Data reported by CoinLaw shows the average daily transaction volume for stablecoins surged to $7 billion, an increase of 8% from 2023, and are now accepted in over 70 countries, facilitating cross-border payments and remittances. In fact, the US Treasury reported that stablecoins were involved in 50% of cross-border digital transactions in 2024.
How Banks Implement Stablecoin Payments with Future-Ready Infrastructure
With its built-in multi-currency FX engine, Finzly's platform is designed to support conversion between fiat and digital currency pairs, such as USD to USDC, enabling smoother multi-currency flows. Virtual accounts on the platform can function as wallet-like constructs, offering banks and fintechs a way to reflect and manage balances tied to stablecoin activity, while preserving visibility, control, and compliance alignment.
'Banks are recognizing that stablecoins represent more than just another payment rail—they're a gateway to programmable money, automated financial services and agentic commerce,' said Dean Nolan, head of payment strategy at Finzly. 'We already lead with today's core rails. Our API-first architecture and programmable rules engine will be able to make it easier for banks to implement stablecoin payments thoughtfully aligned with their compliance, operational, and customer experience goals.'
Finzly's infrastructure allows banks to adopt new rails like stablecoins on their own terms, with full control over policy, compliance, and business logic. The platform also makes it easy to integrate with ecosystem partners from custodians to blockchain networks supporting a secure, compliant path to stablecoin adoption.
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