Do you remember the old days when you call or sent a message via text outside the country costs money? Using modern messaging apps like WhatsApp, it is now outdated to pay for cross-border calls and texts.

For money transfers, stablecoins may do just that: Democratizing the payment industry by eliminating historic gatekeeper, says venture company Andreessen Horowitz (A16Z).

“Like WhatsApp, expensive international phone calls disturbed, transforming blockchain payments and stablecoin’s global money transfers,” the company said in a blog post on Wednesday.

The current global payment infrastructure is a complex web involving sales points, payment processors, acquisition of banks, issuing banks, correspondent banks, foreign exchanges and map networks.

Read more: What is a stableecoin?

To make things more difficult fees each of these intermediaries fees and introduce delays, making international transactions difficult. E.g. Says A16Z that transfer fees can reach up to 10%-Like cross-border calls or text that used to be restrictive before instant messaging apps came into play.

Go into Blockchain and Stablecoins – Cryptocurrencies tied to assets like the US dollar.

“Stableecoins offer a pure slate alternative. Instead of sewing clumsy, expensive and outdated systems, StableCein flows onto global blockchains,” the blog post said.

“Stableecoins already cut the cost of transfers: Sending $ 200 from the US to Columbia using traditional methods cost you $ 12.13; with stableecoins it costs $ 0.01.”

And it’s not just transfers where stableecoin eliminates inefficiency; This can also help increase B2B payments on a solid scale. A16Z uses business transactions from Mexico to Vietnam as an example that takes three to seven days to treat and cost anywhere between $ 14 to $ 150 per day. $ 1000 transacted. These pass as many as five intermediaries along the way, each of whom takes a cut.

The adoption of stableecoin could make such transactions almost free of charge and immediately, says it.

Some companies have noticed and Elon Musk’s SpaceX is already using stableecoins to manage their corporate chains to protect themselves from, for example, volatility.

So it should not surprise anyone to see that the total market capital of stableecoins has passed $ 200 billion, or that the annual transaction value of stablecoins hit $ 15.6 trillion in 2024 – approx. 119% and 200% of Visa and Mastercard.

However, the increase of stableecoins is not without challenges.

Regulatory bodies have investigated their use, making it “incredibly difficult” to bridge traditional economy to stablecoins, A16Z said. The landscape is now evolving finally as decision makers are now actively creating rules for recognizing and regulating stablecoins in the United States “An upcoming bill that clarifies this regulation could pave the way for even broader adoption and integration into the global financial system,” the blog said.

As the rapidly changing landscape of finance and crypto becomes more mainstream, stableecoins could become the transformative power that is revolutionizing the future of money.

“Like WhatsApp disturbed expensive international phone calls, blockchain payments and stablecoin’s global money transfers,” A16Z added.

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