How banks can avoid sending duplicate stablecoin payments

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When using stablecoins issued by other institutions, banks need to verify payment status through service provider contracts, transfer records, and joint recovery tests before deciding whether to resend. The issuer is responsible for redemption, the custodian safeguards the assets, and the platform submits payment instructions; an interruption at any stage could affect payment confirmation or conversion to USD. A PYMNTS Intelligence survey shows that 34% of fast-following institutions say they are operationally ready to support stablecoins, while 9% are actively involved; cybersecurity and fraud risks are the most common obstacles, cited by 52%.