How Stablecoins Are Replacing The Cross-Border Payment Stack
Cross-border payments are nonetheless embarrassingly sluggish. A switch from the US to the Philippines takes three to 5 enterprise days, passes by way of 4 intermediaries, and loses 6-8% of its worth to FX markups and correspondent banking charges. Send $200 to a member of the family overseas, and $16 disappears earlier than it arrives. The…
