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KPMG: Stablecoins Can Reduce Cross-Border Payment Costs by 99%

KPMG: Stablecoins Can Reduce Cross-Border Payment Costs by 99%

金色财经2025/10/16 16:04

Jinse Finance reported that accounting firm KPMG pointed out in its report that stablecoins are becoming one of the most prominent recent use cases for cross-border payment transformation. Stablecoins can reduce cross-border settlement times from several days to just a few seconds, while also lowering transaction costs by up to 99%. Currently, banks process about $150 trillion annually through slow and expensive correspondent banking networks, which tie up significant funds in nostro and vostro accounts. The report notes that pioneers such as JPMorgan and PayPal have already demonstrated a growing demand for blockchain-based payment channels.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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