According to accounting firm KPMG, stablecoins are emerging as one of the most visible use cases for the recent transformation of cross-border transfers. Stablecoins can reduce cross-border settlement times from days to seconds, while reducing transaction costs by up to 99%.
Currently, banks process about $150 trillion a year through slow and expensive correspondent networks that take up a lot of money in nostro and vostro accounts.
The report points out that pioneers such as JPMorgan and PayPal have shown a growing demand for blockchain-based payment channels.
KPMG: Stablecoins could reduce cross-border transfer costs by 99%
2025-10-16 15:58:59
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