KPMG reports that stablecoins have the potential to reduce the costs associated with cross-border payments by up to 99%. This significant reduction could transform the landscape of international financial transactions. The use of stablecoins, which are digital currencies pegged to stable assets, offers a more efficient alternative to traditional payment methods. By leveraging blockchain technology, stablecoins can facilitate faster and cheaper transfers across borders. KPMG’s findings suggest that adopting stablecoins could lead to substantial savings for businesses and consumers alike, enhancing the overall efficiency of global payment systems.
