Stable News is Lumx’s weekly curation dedicated to highlighting the main developments in stablecoins, tokenization, and digital payments across the global economy.
This edition spotlights Lumx Conference 2025, an event that brought together leaders from the financial system, regulators, and technology experts to discuss the role of stablecoins, compliance, and regulation in shaping the future of global finance.
Reading time: 6 minutes
Behind the scenes of a movement that started with a cup of coffee
Every major movement begins with something simple, and the Lumx Conference was no exception.
The idea was born one morning in Mexico City, right after the Lumx team participated in the first Stablecoin Conference, organized by Bitso, two intense days fully dedicated to stablecoins, infrastructure, and regulation.
On the final morning, as coffee brewed and suitcases were being packed, the conversation revolved around a shared sentiment: something significant was happening in the global stablecoin market, and Latin America was at the center of it.
Among the aroma of coffee, Nathaly Diniz (CRO of Lumx) and Amanda Marques (CMO of Lumx) shared an insight that would spark the next chapter:
“We’re at a moment where compliance and regulation are the market’s main focus. That’s what makes sense right now. We should build something around that.”
Two months later, that idea became Lumx Conference 2025, a gathering of top financial leaders, regulators, and technology experts to discuss what’s truly at stake when it comes to regulation, compliance, and the role of stablecoins in transforming money.
What happened that day was bigger than any stage.
An event about the future of the financial system
From the start, the goal of the Conference wasn’t to create a “crypto event,” but rather a discussion about the future of the financial system — about how technology is forcing banks, companies, and regulators to rethink the foundations of trust, liquidity, and interoperability.
The challenge was immense: two months of intense preparation, dozens of conversations with partners, sponsors, and speakers, and one clear mission, to create a space for meaningful dialogue between builders and regulators.
It wasn’t a solo effort. The event was made possible thanks to the support of Tether, Polygon Labs, Sumsub, Utila, Elevata | AWS, and Mynt | BTG, organizations on the frontlines of innovation that believed in the power of bringing diverse voices together in one room.
The Lumx team worked with the same intensity and precision as if they were launching a new product — not just an event.
And in the end, that’s exactly what it was: a purpose-built experience, carefully curated from start to finish — from the panels to the closing dinner, hosted by Bodega Dom and Chef Tiago Vieira.
The result: over 80 guests gathered in person in São Paulo, and hundreds more joined the live broadcast on YouTube.
The discussions shaping tomorrow
The panels were the heart of the Lumx Conference, four sessions offering complementary perspectives on one central theme: how the next phase of digital finance will be built on trust, transparency, and regulation.
Stablecoins and the Future of Financial Transactions
The opening panel offered a precise snapshot of the global moment: stablecoins now move more value than Visa and Mastercard combined, yet still face conceptual and regulatory barriers.
Moderated by Michel Goldberg (CFO at Lumx) and featuring Thamilla Talarico (Director of On-chain Finance Growth at Polygon), Rodrigoh Henriques (Director of Strategy and Innovation at Fenasbac), and Rodrigo Caldas de Carvalho Borges (Partner at CBA Advogados), the panel explored Brazil’s role in advancing regulatory frameworks — and how that could foster both innovation and legal certainty.
The conclusion was clear: Brazil has a real opportunity to lead stablecoin regulation in the Global South, and doing so depends less on technical innovation and more on institutional coordination.
Stablecoin Yield and the New Economic Era
The second panel dove into a topic reshaping the boundaries between crypto and traditional finance: stablecoin yield.
Moderated by Nathaly Diniz (CRO at Lumx), with participation from Ilene Patricia Noronha Najjarian (Federal Attorney at CVM), Adrielle Andrade (Director of Sales at Utila), and Eduardo de Paiva Gomes (Partner at Paiva Gomes Advogados), the discussion revealed how financial returns, once restricted to banks and treasuries — are now becoming part of the user’s experience.
Panelists examined how stablecoin yield is redefining the relationship between deposits, liquidity, and monetary policy, impacting even the concept of “stable digital money.”
A key takeaway summed it up:
“Stablecoins are forcing the financial system to compete in efficiency — not opacity.”
The debate underscored that the challenge isn’t just technological — it’s cultural. The era of invisible interest rates and opaque intermediation is ending, and banks that fail to adapt risk becoming irrelevant.
Compliance Challenges in the Global Payments Transformation
The third panel explored the intersection between innovation and governance, focusing on corporate accountability, due diligence, and compliance in an increasingly decentralized market.
Moderated by Luana Peterle (CCO at Lumx), and featuring Fernando Marques Borges (Executive Director at ABRACAM), Georgia Sanches (Business Lead in Brazil at Sumsub), and Fábio Cendão (Partner at FCM Law), the discussion reached a powerful consensus:
“Innovation that doesn’t understand compliance doesn’t scale.”
The panel positioned Brazil as a global regulatory laboratory for crypto assets, emphasizing the country’s progress on KYC, AML, and governance frameworks.
Regulation of VASPs in Brazil
The closing panel brought together regulators, lawyers, and executives from financial institutions to discuss the upcoming rules for Virtual Asset Service Providers (VASPs) in Brazil.
Moderated by Caio Barbosa (CEO at Lumx), with participation from Daniel de Paiva Gomes (Partner at Paiva Gomes Advogados), Gabriela Trevisan (Director at BTG), and Nagel Lisânias Paulino (Division Chief at the Central Bank of Brazil), the conversation offered multiple perspectives on governance, supervision, and the balance between market freedom and systemic safety.
It was the most technical — and perhaps the most symbolic — discussion of the event, showing that the integration between traditional and digital finance is no longer a vision, but a process already underway.
A snapshot of a new chapter for the industry
The Lumx Conference 2025 proved that the debate around stablecoins and digital assets now sits at the core of global financial transformation, becoming a convergence point for players who once seemed on opposite sides — and who now speak the same language: interoperability.
More than an event, it was a moment of alignment and collective construction.
And what was born there was more than an annual gathering — it became a permanent space for dialogue between the present and the future of money.
For those who couldn’t attend in person, all panels are available in full on Lumx’s YouTube channel.
No movement happens alone
The Lumx Conference was a direct reflection of Lumx’s founding purpose: to build infrastructure and bridges.
Bridges between institutions and technology.
Between innovation and regulation.
Between Brazil and the world.
The event was a faithful portrait of that purpose in action — and, like any good portrait, it shows not only where we are, but what we can still become.
See you in the next edition.
