Stablecoins can reduce the cost of cross-border payments by 99%, says KPMG
Stablecoins are emerging as one of the clearest near-term use cases for transforming cross-border payments, according to a report last month from accounting firm KPMG. Banks currently rely on a correspondent banking network that moves about $150 trillion annually, the report noted, a system that typically takes between two and five days to settle, involves […]
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