Anna Zambon, Growth & Strategy Executive at Applied Blockchain, spoke on the panel What Banks Actually Do With Stablecoins: Treasury, Custody and On-Chain Settlement at MERGE Madrid. She was on stage with Alexandra Soroko (Visa), Valerie von Lucke (Commerzbank) and Horacio Gómez Rey (N26), with Marie Christin Rinke (Möhrle Happ Luther) moderating.
The panel looked at how banks are approaching stablecoins, which use cases are gaining traction, and what it will take to drive wider adoption.
What Anna took home from three days at MERGE:
- The question has moved from whether banks should use stablecoins to how, and on what rails.
- Bank money on-chain is running on two tracks: consortium euro stablecoins and multi-bank tokenised deposits.
- As bank tokens move to public chains, confidentiality is becoming a prerequisite, with privacy for clients and visibility for supervisors.
- Payments initiated by AI agents are emerging as a serious design consideration for payment infrastructure.
