Why Stablecoins are Set to Drive a Global Payments Frenzy

Stability has never been a characteristic bequeathed on cryptocurrency. And yet, right now, the market for stablecoins—crypto tokens pegged to fiat currencies like the U.S. dollar or the euro—is accelerating at a frenzied pace, surging past $200 billion at the end of 2024. As a tool for facilitating fast, inexpensive payments around the globe, crypto looks poised to potentially disintermediate banks. That said, what role can traditional banks and financial institutions play in the crypto craze? Crypto executives and thought leaders examine the possibilities and who is most likely—and why—to capitalize on the advancement of stablecoin payments.