At PMLS 2025 Day 3, four payments industry leaders debate stablecoins as the next global payment rail. Panelists from Stellar, PayPal, Bridge, and Google discuss regulatory clarity, infrastructure abstraction, and pathways to mainstream adoption.
At PMLS 2025 Day 3, four payments industry leaders explored stablecoins as the next global payment rail. PayPal announced PYUSD's launch on Stellar; Bridge shared how abstraction layers enable seamless cross-border payments and card programs; Google presented zero-knowledge identity research. Regulatory clarity, KYC-privacy balance, and on-off ramp infrastructure emerged as critical adoption blockers. Stellar's 400,000+ MoneyGram locations and ZK solutions represent pathways to reaching unbanked populations and driving mainstream adoption.