Stablecoin payments grow as banks retain influence over adoption

By James Field , Author. Senior writer and researcher focusing on legal and regulatory developments in the fintech space. TL;DR: Stablecoins are getting cheaper and more widely used for payments, even as supply stalls. Borderless.xyz puts median remittance costs near 1% versus 6.36% for traditional transfers, and Allium says payments rose 45% while supply grew just 0.4%. Meanwhile, a BIS paper suggests that higher bank deposit rates could further slow growth.

Source: CoinGeek