Interview: FV Bank's Award-winning Vision for Banking and Stablecoins

June 2026

Fintech & Payments

Nick Maynard

VP of Research

Following FV Banks’ platinum win for Digital Currency Innovation at Juniper Research’s Future Digital Awards, we sat down with Miles Paschini, CEO at FV Bank, to discuss the shift towards stablecoins for cross-border payments in the banking sector, and how key use cases for this are emerging. Watch the full interview in the video, or read the transcript below.

So let's talk about the key trends and shifts you're seeing in the digital currency market. What are some of those changes you're seeing at the moment and how are they impacting the market?

I think that at the top level there's macro wins about regulatory clarity. We're starting to see that with the Genius Act in the US, and the battle of the banks and the digital asset native folks with regards to the Clarity Act that's going on now. But, in the end we do expect that the US will have strong regulatory guidance, and that's bringing comfort to a lot of financial institutions that were historically on the sidelines.

We see a lot of banks now thinking about how they integrate crypto or stablecoins into their business. I think the first wave that you're seeing is strong adoption or interest in stablecoins, and this is really where I think you'll see maybe the next six to 12 months that they'll be deepening integration and support for stablecoin activity.

And then as the Clarity Act comes around, I'm quite sure that you'll see many large, medium and small institutions attempting to get involved in integration. Because I think that if they don't, it's going to put them at a very steep competitive disadvantage if they don't figure out how to somehow integrate and provide their customers with access to the benefits of digital assets.

We're seeing a lot of the same shifts. We're seeing that stablecoins are really becoming viable payment methods in a way that some mainstream cryptos haven't managed to date. So, we're actually starting to see the sort of merge of web3 and new types of finance merging with traditional finance, and that's really having a massive impact so far in the market.

We're seeing a lot of interest in on ramps and off ramps, which I think is going to be hugely important. And a lot of interest in specific use cases we're seeing, cross-border being the obvious one, where cross-border payments have not exactly been efficient over many years. 

But also in some other interesting use cases, for example worker payouts across borders has been a real challenge for businesses and how to do that effectively for some time, and that's something we're seeing a lot of interest in on our side as an analyst house. And I think that you're absolutely right, it's not just the big banks seeking to get involved and see how they can get into this ecosystem. It will be all kinds of players within the fintech, payments and banking ecosystems. Lots of progress being made in a very, very vibrant market at the moment.

I think there's some use cases that have already become solidified as very viable. For example, institutional settlement or FI to FI settlement is a great use case. We've been doing this at FV Bank for a couple of years now where we're using stablecoins as a settlement route between other financial institutions.

You're also seeing in the remittance space, there are variations of that. So, we used to talk a lot about last mile and you're seeing stablecoins playing a role in the first mile, which is the settlement layer from the originating institution, providing liquidity to the last mile institution and vice versa. So we see a lot of local currency coming from Latin America that wants to make its way to the US market, and so going from Argentinian pesos to US dollars, for example, it's much more efficient to go from Argentinian pesos to a stablecoin than it is to use a traditional bank-driven FX process.

So the use cases are emerging in what I would call flows, and different participants are looking for alpha in different directions, and that's really where we're trying to play our role in that Venn diagram between the support of digital assets, in particular stablecoins, and traditional banking, and how you create use cases that resonate with people who need access to those use cases.

Makes complete sense. And to pivot to the next part of our discussion, I think the extremely valuable role that FV Bank plays in that overlap in that Venn diagram, as you discussed, is actually one of the key reasons why Juniper Research selected FV Bank's new stablecoin features as being worthy of our Platinum Award for Digital Currency Innovation. We see the progress you're making, we see that you're playing quite an early role and you've been an early mover in that space and actually developed some really important capabilities, and that was really well received by our judging panel in terms of the innovation that you have. And this ability to convert those different currencies and actually integrate with those sort TradFi rails. That is hugely impressive to us and was a key reason why FV Bank was selected as the Platinum Award winner for digital currency innovation.

From your side, what makes FV Bank's approach so compelling within this space?  What is that sort of secret ingredient that makes this all work?

I think first and foremost is that we're a bank. We're a licensed depository institution who have adopted these types of solutions. And I'll give you an example, the term stablecoin sandwich, which is somewhat of a new term maybe in the last year that the industry has been using. It essentially tries to depict like three parties, you on one end being one piece of bread, the other end being the other piece of bread and something in the middle, which is typically a bank clearing those transactions or an FX house.

And so the way that we're looking at the market is that the stablecoin sandwich for us is very thin because we are the layer in the middle. And being a bank we don't need to have this extra leg, which is typically a stablecoin, some conversion to a fiat currency, and then a transmission to a beneficiary, which may be a stablecoin. It may be a foreign currency. We collapse all of that. And the way that we achieved that early on was we integrated wallets directly to our DDAs. We didn't treat it like a three-part solution, we treated it as an atomic solution. So if you have a USD account with us and you receive a deposit of stablecoin, it's atomically converted to dollars in a depository institution. So our user doesn't need to own a wallet, they don't need to have any type of liquidity relationship or FX relationship. It's just built in.

I think this will be the way that that you bank in the future. If I have an account which has a wallet associated with it and you have an account with a wallet associated at your institution, now we can transfer value between institutions using blockchain versus using ACH or Fedwire or Swift.

And so what we're hoping is other banks integrate the strategy that we did and then it becomes really an FI to FI settlement on chain. Today it's very much hybrid for us. Our customers have some involvement in digital assets because they're either receiving digital assets into their accounts or they're sending digital assets out from their account. But we see a future where a counterparty will have a bank that has wallet addresses associated and it's not really peer to peer, but institution to institution settlement directly on chain. And that's going to be a very exciting time.

Absolutely. Sounds great and I think it's really impressive as sort of an observer in this space to see the rate at which things are changing. The pace of the business models that are developing in this space is really impressive and I think it was our opinion that FV Bank were well positioned in that regard. So I think you guys are well set up for the future of this market.

Thank you. Yeah, we appreciate that. We're not done. We continue to work on a roadmap that pushes the boundaries. We're looking now at launching solutions. For example, we just launched what we call stablecoin invoicing. So directly from your bank account, you can raise an invoice that can be settled in stablecoins. Great for international commerce where, let's say that you're a buyer from an overseas market. Normally you would make a purchase order and you would send funds to have that purchase order shift. Might take one to three days for the funds to arrive. In the paradigm that we've created, you can create an invoice to a buyer. They can settle it instantly with stablecoin. The funds land in your bank and you can ship same day, same hour.

So we're trying to find these use cases that will resonate with international trade, and we're working very much now on agentic commerce solutions as well. We see that there's gonna be significant opportunity for agentic commerce to take place, not in some obscure product, but in a very solidly rooted financial product. And so we've been developing products that will allow agentic commerce to take place directly with the bank, and we think that's extremely exciting.

FV Bank merges the traditional banking system with the innovations of fintech and blockchain and addresses a wide range of financial requirements, serving the needs of small, medium and large enterprises. 

To learn more about FV Bank and their digital currency solutions, visit https://fvbank.us/.