Xchange episode 3: Stablecoins - the institutional view
How are institutions assessing stablecoins as the next step in financial technology?
In episode three of Xchange, Barnaby Nelson, Emma Johnson and Mark Brannigan discuss stablecoins through an institutional lens, covering their role in financial markets, the main risks and challenges and what wider adoption could mean for post-trade and market structure.
Speakers

Barnaby Nelson
Chief Executive Officer
The ValueExchange
Emma Johnson
Head of Industry Advocacy and Insight
The ValueExchange
Mark Brannigan
Head of Xchange Product
The ValueExchangeStablecoins are moving further into institutional discussion as firms assess their role in cash management, settlement and 24/7 market activity. The debate is no longer only about innovation, but about balance sheet treatment, regulation, adoption risk and practical market use.
In this episode of Xchange, Barnaby Nelson, Emma Johnson and Mark Brannigan explore the institutional view on stablecoins, alongside recent market developments and the broader implications for digital assets, central bank digital currencies (CBDCs) and market structure.
The episode highlights:
How institutions are assessing the role of stablecoins in financial markets
What risks, regulatory questions and adoption challenges still remain
Why 2026 may become a more important year for execution across market structure change
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