menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Blockchain News

>

Stablecoin...
source image

Pymnts

1M

read

135

img
dot

Image Credit: Pymnts

Stablecoins Fuel $36 Billion in B2B Payments as Issuers Eye Mature Markets

  • Stablecoins are tokenized assets on the blockchain designed to simplify crypto transactions.
  • B2B stablecoin payments are gaining traction, reaching $36 billion in annualized volume by February.
  • Stablecoin transactions in B2B payments have surpassed peer-to-peer transfers and card-linked spending.
  • The appeal of stablecoins in B2B lies in speed, cost-efficiency, and dollar-denomination.
  • Companies in emerging markets like Latin America and Africa are adopting stablecoins for cross-border transactions.
  • Challenges for stablecoin-based B2B payments include compliance, interoperability, and supplier enablement.
  • Stablecoins offer advantages such as instant settlement and reduced working capital needs.
  • Regulatory uncertainties and operational complexities remain hurdles for the widespread adoption of stablecoin payments.
  • Transaction settlement using stablecoins involves navigating across multiple networks and chains, increasing operational risks.
  • To maximize the potential of stablecoins in B2B payments, addressing compliance, interoperability, and user experience is crucial.

Read Full Article

like

8 Likes

For uninterrupted reading, download the app