60% of G20 to Discuss Stablecoin Policies by 2025 as Swift Transactions Gain Traction
Sixty percent of G20 countries are set to discuss stablecoin policies by 2025, reflecting growing regulatory scrutiny. Stablecoins offer swift transactions and are gaining traction in corporate payments and remittances.
Stablecoins, unlike conventional bank transfers, settle transactions within seconds. By 2025, USDC facilitated 10 billion merchant payments monthly, while hedge funds and remittances handled 50 billion. Institutions like the FDIC, OCC, and Federal Reserve in the U.S., along with EU's MiCAR framework, are discussing regulations.
These digital currencies challenge established finance, similar to PayPal and Bitcoin. They are popular for corporate payments, cross-border remittances, and merchant transactions due to low fees, ranging between $0.01 and $1 per transaction, compared to 1-7 percent for US bank transfers. Arthur 0x believes high-value business payments will soon be processed through stablecoins. Permissionless blockchains like Ethereum and Solana can handle up to 1,565,000 transactions per second and operate 24/7.
Stablecoins are revolutionizing finance with speed and low-cost transactions. By 2025, 60 percent of G20 countries are expected to have discussed stablecoin policies. The future of money, as seen by the Monetary Authority of Singapore, lies in permissionless blockchains with enhanced fraud monitoring.
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