On the other hand, stablecoins offer instant transactions with fees being significantly less than those of FX, Collison said, making a perfect case for payment use globally.
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“A lot of our future payment volume is going to be in stablecoins,” Collison said. “This is, for sure, a big part of our business on a go-forward basis,” he added.
Stablecoins have already made an impact on traditional finance, beating volumes of Visa and Mastercard combined in 2024.