Stablecoins are rapidly emerging as a formidable competitor to traditional cross-border payment networks like SWIFT, with on-chain settlements already reaching trillions monthly. By 2026, projections suggest stablecoins could handle $3–5 trillion in annual transactions, driven by lower costs, faster settlements, and expanding merchant adoption.
- Stablecoin on-chain settlements reached $3.3 trillion in July, with 39.7 million active addresses.
- Ethereum L2 upgrades have slashed transaction fees to sub-dime levels, enhancing cost efficiency.
- Tokenized T-bills now exceed $7 billion on-chain, with BlackRock's BUIDL fund surpassing $3 billion AUM.
📎 Related coverage from: cryptoslate.com
