KPMG has indicated that stablecoins have the potential to significantly lower cross-border payment costs by up to 99%. This assertion highlights the growing interest in stablecoins as a viable alternative for international transactions.
The report suggests that the adoption of stablecoins could streamline payment processes, making them more efficient and cost-effective. By utilizing blockchain technology, stablecoins can facilitate faster transactions and reduce the need for intermediaries, which often add to the overall costs of cross-border payments.
KPMG’s analysis points to the advantages of stablecoins in providing a stable value, which can mitigate the volatility commonly associated with cryptocurrencies. This stability can enhance trust and reliability in digital transactions, encouraging more businesses to consider stablecoins for their payment needs.
Furthermore, the report emphasizes that the integration of stablecoins into existing financial systems could lead to a more inclusive financial landscape, benefiting consumers and businesses alike. As the global economy continues to evolve, the role of stablecoins in transforming cross-border payments may become increasingly significant.
