Digital Payment Today - Boosting Stablecoin Efficiency Beyond US Dollar Transactions
What's happening
Stablecoin startups and incumbents are pushing to modernize payments by using stablecoins beyond US dollar rails. Entrepreneurs and companies like Stablecore are working to make stablecoins "feel like banking," while industry leaders such as Mastercard CEO Michael Miebach point to cross-border delays as a prime use case. Reporting highlights concrete frictions: businesses can receive large stablecoin payouts but then route much of the funds back into banks, creating a "$10 million problem" of onramps and legacy infrastructure. Markets where stablecoins solve real problems, like Turkey (inflation, FX access, slow payments), are seeing the fastest growth, and observers question whether builders are simply rebuilding the traditional acquiring model instead of rethinking it for crypto-native flows.
Why it's trending
Momentum is rising because startups, incumbents and high-profile execs are converging on stablecoins as a practical fix for cross-border, FX and settlement frictions, while real-world use cases expose new operational bottlenecks.
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If stablecoins are just recreating merchant acquiring, we wasted the last five years of crypto infrastructure work.
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Original sources7
- Stablecore’s Nick Elledge on Making Stablecoins “Feel Like Banking”
Stablecoins have emerged as one of the most interesting developments in the DeFi industry, with the potential to reshape payments more broadly. Stablecoins are cryptocurrencies pegged to a reserve asset, typically a fiat currency such as the US dollar, and are designed to combine the technological advantage of digital currencies with the relative price stability Read more... The post Stablecore
FinovateOct 13 - Stablecoin startups advance payments
Entrepreneurs embracing the digital assets are pushing payments modernization forward, and bringing incumbents along too.
Payments DiveOct 13 - Are stablecoin payment companies rebuilding too much of the traditional acquiring model?
Something I’ve been thinking about while building in payments: Stablecoins give us a chance to rethink parts of merchant acquiring. But a lot of payment products still follow roughly the same structure: customer pays → provider receives/controls the funds → merchant balance updates → merchant gets paid later. That model exists in traditional payments for good reasons. But with stablecoins, especia
r/fintechOct 13
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