How Banks Should Engage with Stablecoins: Issue, Partner, or Integrate

This report presents a practical framework for banks to engage with stablecoins by comparing three paths—issuing their own token, partnering with an existing issuer, or integrating public stablecoins—highlighting control, compliance, economics, operational complexity, and typical timelines (12–24+ months, 3–9 months, and 4–12 weeks, respectively), and explains how Chainalysis supports risk, compliance, and monitoring across each approach; it positions stablecoins as a strategic inflection point for real-time, cross-border, programmable payments and urges banks to align choices with risk tolerance, regulatory posture, and market needs.