Singapore Stablecoin Summit: Google and PayPal Executives Analyze the Future of Stablecoins and Corporate Payments

At the Stablecoin Summit 2025 held in Singapore, executives from Google and PayPal pointed out that blockchain stablecoins are opening up a new payment model. Unlike traditional payments that are only used for goods and services, future real-time payments through agents will allow for the exchange of "small amounts of high-quality information," thereby nurturing a whole new economic system.

The trade-off between stablecoins and tokenized deposits

During the discussion, attendees emphasized that companies will compare the risk profiles of stablecoins and tokenized deposits when choosing payment instruments.

Tokenized deposits: their value will be affected by the place of issuance and the underlying asset, and may even fluctuate due to inflation.

Stablecoin: Maintains a USD valuation, which can reduce financial uncertainty for businesses.

Therefore, many financial executives tend to choose stablecoins to ensure the stability of payments and treasury management.

The importance of privacy, speed, and trust

James Tromans, Senior Engineering Director at Google, pointed out that in the future, when enterprises use Blockchain for payments, it should be "abstracted" like bank wire transfers, so users do not need to know whether the underlying system is ACH or real-time settlement. However, privacy is key, as businesses cannot tolerate competitors knowing about payroll expenditures or vendor payments. He specifically mentioned that the "confidential transfer" feature of networks like Solana could play an important role in payroll and business payments.

PayPal Senior Director Ian Barille added that as companies handle payroll and supply chain payments on the Blockchain, ensuring that the related information is both accurate and protected will be key to whether stablecoins can be truly adopted on a large scale.

Which blockchains will win?

In the discussion, Ethereum and Bitcoin are considered the choices with the strongest "trustworthiness", but efficient low-cost networks like Solana are also gradually attracting the attention of enterprises. Ultimately, corporate decisions will depend on:

Liquidity — Whether funds can be quickly converted and exchanged;

Cost Efficiency — Are the transaction fees sufficient to support large-scale trading;

Network effects — the number of adopters and market acceptance.

Overall, the attending experts believe that stablecoins are still in a "critical transition period." In the future, if a balance can be achieved between privacy protection, low costs, and cross-chain liquidity, stablecoins are expected to become the core infrastructure for the next generation of corporate payments and financial management.

This article Singapore Stablecoin Summit: Google and PayPal executives analyze the future of stablecoins and corporate payments first appeared on Chain News ABMedia.