Stablecoins and cross-border payments: dollars that never went home Find out more: Expert views Transaction Banking Cash Management Cash Clearing CryptoAssets 21 Sep 2026 Stablecoins and cross-border payments: dollars that never went home In the late 1950s, banks in Paris began lending out dollar deposits held outside the United States. Nobody realised they... Expert views In the late 1950s, banks in Paris began lending out dollar deposits held outside the United States. Nobody realised they were founding anything. But what they’d created was the eurodollar market: dollars beyond the reach of American regulators and American banking hours, which grew from an accounting curiosity into the funding market of global finance. Stablecoins and cross-border payments: dollars that never went home 18 Sep 2026 Cross-border payments: building a hybrid model International payments are entering a new phase. As expectations for speed, transparency, and availability continue to... Expert views International payments are entering a new phase. As expectations for speed, transparency, and availability continue to rise, banks and market infrastructures are increasingly focused on orchestrating complementary solutions that combine performance, security and compliance, while keeping human expertise at the heart of the model. By Isabelle Poussigues,... Cross-border payments: building a hybrid model 14 Sep 2026 Rethinking AI through a capital allocation lens By Puneet Singh, Head of Cross Asset Quant, Asia Pacific Expert views By Puneet Singh, Head of Cross Asset Quant, Asia Pacific Rethinking AI through a capital allocation lens 11 Sep 2026 Inside the Factory: A Fresh Look at the Mechanisms of Centralised Payments, Cash, and Liquidity For many multinational companies, payment factories and in-house banks may have become essential structures, but the... Expert views For many multinational companies, payment factories and in-house banks may have become essential structures, but the environment in which these first appeared has changed significantly. Our experts in liquidity, Floor Meeuwis and Laure Demaille investigate the new challenges and opportunities. Inside the Factory: A Fresh Look at the Mechanisms of Centralised Payments, Cash, and Liquidity 10 Sep 2026 Beyond speed and cost: The push for transparency in cross-border payments As cross-border payments evolve, Frantz Teissèdre, Head of Public Affairs for Cash Clearing Services at Societe Generale... Expert views As cross-border payments evolve, Frantz Teissèdre, Head of Public Affairs for Cash Clearing Services at Societe Generale and a member of the G20 Payments, Interoperability, and Extension (PIE) Task Force, examines how the focus on transparency is raising the bar for efficiency, security, and trust in global payments systems. Beyond speed and cost: The push for transparency in cross-border payments
Stablecoins and cross-border payments: dollars that never went home
中文标题
稳定币与跨境支付:从未回流的美元
Core conclusion · Tlines extraction
Société Générale compares stablecoins to the 1950s eurodollar market: offshore dollars outside US regulatory reach and banking hours. The parallel suggests stablecoins may reshape cross-border payments the way eurodollars reshaped global funding, though the piece offers historical analogy rather than a forecast. It sits alongside SG views on hybrid payment models, transparency and AI capital allocation.
- Institution
- Société Générale
- Published
- 09/21/2026
- Research topic
- Not explicitly stated
- Time horizon
- Not explicitly stated
Key arguments
- Stablecoins resemble eurodollars: dollars circulating outside US regulatory reach and banking hours.
- The eurodollar market grew from an accounting curiosity into global finance's funding market.
- The analogy implies stablecoins could evolve from niche to systemic cross-border infrastructure.
- SG's broader view favors hybrid payment models combining speed, security, compliance and human expertise.
Key numbers
- Eurodollar market origin
- late 1950s, Paris banks
- Article publication date
- 21 Sep 2026
- Related piece on hybrid payments
- 18 Sep 2026
- Related piece on AI capital allocation
- 14 Sep 2026
- Related piece on payment factories
- 11 Sep 2026
Main risks
- Stablecoins may not replicate the eurodollar trajectory; the article offers analogy, not prediction.
- Regulatory responses could constrain stablecoin growth beyond current US oversight.
- Transparency and compliance gaps could slow stablecoin adoption in cross-border payments.
Corresponding source evidence
Expert views As cross-border payments evolve, Frantz Teissèdre, Head of Public Affairs for Cash Clearing Services at Societe Generale and a member of the G20 Payments, Interoperability, and Extension (PIE) Task Force, examines how the focus on transparency is raising the bar for efficiency, security, and trust in global payments systems.
Context: the conclusion is Tlines' automated extraction, not the institution's wording. Quoted evidence is publisher wording. Scope and date must travel with the conclusion.
Verify at the original source ↗Preview PDF
Loading the document…
AI analysis
How this page was produced
Tlines extracted the conclusion, arguments, numbers and risks above from the report published by Société Générale on 09/21/2026, then structured them for comparison. The publisher's own wording is reachable through the source link on this page. Last updated 10/17/2026. Methodology · Source policy · AI usage · Request a correction