Steven McWhirter is the Global Policy Lead at Binance, bringing over 25 years of extensive experience in regulation, policy, strategy, supervision and structural reform. Before joining Binance, Steven spent almost a decade at the Financial Conduct Authority (FCA). During his tenure at the FCA, Steven was a policy subject matter expert, contributing to UK and international policy development via the ESMA, EBA, EIOPA, BIS, FSB and IOSCO. His policy work included fintech, bigtech, professionalism, management body corporate governance and suitability, systems and controls, operational risk, internal governance, operational resilience, cloud outsourcing, cyber, digital markets and related technology policy.
Steven has previously advised on the creation of the UK Office for Professional Body Anti-Money Laundering Supervision (OPBAS) and the creation of the UK Banking Standards Board. He was also a member of the policy team responsible for implementing the UK’s Senior Manager and Certification Regime (SMCR), as well as the FCA’s lead on managing the UK Privy Council, UK Royal Chartered professions and the Secretariat of the Global Financial Innovation Network (GFIN), a network of over 80 financial regulators and observers globally.
Roundtable Room 1, Ground Floor
Open
Cross-border payments remain among the most expensive, slowest, and least accessible financial services globally. Stablecoins have emerged as a working alternative in the corridors underserved by traditional correspondent banking, processing significant volume alongside traditional rails, but questions of trust, reserve integrity, adoption, and systemic risk remain unresolved.
As regulatory frameworks mature across jurisdictions, this roundtable will explore the question of whether stablecoins are poised to graduate from a parallel system into genuine cross-border payment infrastructure, and what has to be true about their design, governance, and regulatory treatment for that to happen.
With payment-native banks, institutional settlement networks, and central banks at the table, the conversation will move beyond the technology debate to the harder questions of standards, coexistence, and who bears the risk when settlement infrastructure fails at scale.