Michael Shaulov on euro stablecoins

Fireblocks CEO Michael Shaulov sat down with Bloomberg at Money 20/20 Europe to launch Flow, a new product that lets payment companies, merchants, and fintechs accept and send stablecoins as simply as Plaid streamlined traditional payments. He breaks down where stablecoin demand is actually coming from, why cross-border corridors are driving adoption, and what a MiCA-compliant euro stablecoin could mean for dollar dominance. Stablecoin volume is skyrocketing. About 65% of the $3.5T flowing across the Fireblocks platform is now stablecoins, led by USDC and USDT. Shaulov explains how payment service providers like Stripe, Checkout.com, and Worldpay are bringing merchants online, and why MoneyGram, Western Union, and other large remitters are switching to this rail. 0:00 Intro from Bloomberg at Money 20/20 Europe 0:13 Launching Fireblocks Flow 0:29 The Plaid comparison for stablecoin payments 0:43 Where stablecoin demand is coming from 0:53 Stablecoin volume since the GENIUS Act 1:18 Stripe, Checkout.com, and Worldpay enabling merchants 1:31 Emerging markets demand across LatAm and Southeast Asia 1:53 The US use case: remittance and B2B cross-border 2:55 MoneyGram, Western Union, and Reia switching rails 3:16 Why B2B and large payments are the opening 3:45 Euro stablecoins and the 99% dollar problem 3:58 The 12-bank European consortium and MiCA compliance 4:24 Countering dollarization in the EU, Brazil, Canada, Japan 4:50 Why cross-border keeps stablecoins dollar-denominated 5:23 Outlook on euro and yen denominated stablecoins Learn more about Fireblocks Flow: https://www.fireblocks.com/products/flow Talk to our team: https://www.fireblocks.com/contact-sa... KEY TAKEAWAYS Fireblocks launched Flow at 2026 Money 20/20 Europe, a product that lets payment companies, merchants, and fintechs accept and send stablecoins through one streamlined integration, positioned as the Plaid of stablecoin payments. Stablecoin volume is climbing fast since the GENIUS Act passed. About 65% of the roughly $3.5T moving across the Fireblocks platform is now stablecoins, predominantly USDC and USDT. Adoption in the US is concentrated in outbound remittance and B2B cross-border payments to LatAm and Southeast Asia, with major remitters like MoneyGram and Western Union moving to the rail. A consortium of European banks chose Fireblocks to power a MiCA-compliant euro stablecoin launching later this year, an effort to counter dollarization across EU economies. Similar moves are underway in Brazil, Canada, and Japan. Cross-border remains the dominant use case, which keeps stablecoins about 99% dollar-denominated for now, though Shaulov sees real openings for euro and yen denominated stablecoins.