Friday, May 30, 2025
  • About
  • Write for us
  • Contact
Today News
  • Business
  • Tech
    Digital Education

    EdTech in the UK: Are We Ready for the Next Phase of Digital Education?

    Virtual Numbers vs SIM Cards: Which Is Best for International Business?

    Virtual Numbers vs SIM Cards: Which Is Best for International Business?

    How Secure is Your Client Portal?

    How Secure is Your Client Portal?

    Machine to Listen

    What Happens When You Teach a Machine to Listen

    Revolutionising Business Connectivity: The Power of eSIM Technology

    Revolutionising Business Connectivity: The Power of eSIM Technology

    How to Buy a Second-Hand Tablet in the UK Without Getting Ripped Off

    How to Buy a Second-Hand Tablet in the UK Without Getting Ripped Off

    Msafely Review: Is it the Best iPhone Spy Software of 2025?

    Ai

    AI Ad Generator vs Human Designers: What Works Better?

    Chatbots Are Out, AI Agents Are In: Meet Retail’s New Crown Jewel

    Chatbots Are Out, AI Agents Are In: Meet Retail’s New Crown Jewel

  • Consumer
    Craving Connection: Why Food Gifting Is the New Love Language

    Craving Connection: Why Food Gifting Is the New Love Language

    How to Celebrate Milestones from Afar: The Rise of Digital Gifting in the UK

    How to Celebrate Milestones from Afar: The Rise of Digital Gifting in the UK

    How to adjust glasses at home – a step-by-step guide!

    How to adjust glasses at home – a step-by-step guide!

    Why quality toilet cubicle hardware matters

    Why quality toilet cubicle hardware matters

    Common Mistakes in KYC Identity Verification

    Common Mistakes in KYC Identity Verification

    Consumer habits

    British Furniture Market Sees Significant Changes in Consumer Preferences

    Why are high-street bookmakers declining in the UK?

    Why are high-street bookmakers declining in the UK?

    Straps for smartwatches: The Complete guide

    Straps for smartwatches: The Complete guide

    High street retailers are at a “crossroads”, says retail tycoon

    High street retailers are at a “crossroads”, says retail tycoon

  • Finance
    What is Automated Invoice Processing?

    What is Automated Invoice Processing?

    The UK Treasury Aims to Introduce a Single Tax for Remote Gambling

    The UK Treasury Aims to Introduce a Single Tax for Remote Gambling

    Eriongroup.biz Reviews: Confident Investments with a European Broker

    Eriongroup.biz Reviews: Confident Investments with a European Broker

    How Crypto is Enabling Micropayments for Content

    How Crypto is Enabling Micropayments for Content

    Fan Tokens: When Finance Meets the Passion for Football

    Fan Tokens: When Finance Meets the Passion for Football

    The Hidden Costs of Convenience: Why Subscription Overspending Is the New Budget Killer

    The Hidden Costs of Convenience: Why Subscription Overspending Is the New Budget Killer

    10 Best UK Trading Platforms in 2025

    10 Best UK Trading Platforms in 2025

    Crypto Trading

    Proprietary Crypto Trading and How It Works

    Should You Get an MBA or Learn on the Job? A Guide for Entrepreneurs

    Should You Get an MBA or Learn on the Job? A Guide for Entrepreneurs

  • Environment
    Moving Abroad? Here’s What to Expect – and Why Cardboard and Plastic Waste Removal Is Essential After Unpacking

    Moving Abroad? Here’s What to Expect – and Why Cardboard and Plastic Waste Removal Is Essential After Unpacking

    How Weather Events Like Heavy Rain or Heatwaves Affect Pest Activity

    How Weather Events Like Heavy Rain or Heatwaves Affect Pest Activity

    Building a Carbon-Competitive Advantage with Sustainability and Decarbonization Consulting

    Building a Carbon-Competitive Advantage with Sustainability and Decarbonization Consulting

    The Lost Art of Orienteering: Why Map and Compass Skills Still Matter

    The Lost Art of Orienteering: Why Map and Compass Skills Still Matter

    Sustainability in Dining: Reducing Waste for a More Profitable Future

    Sustainability in Dining: Reducing Waste for a More Profitable Future

    Environmental Benefits

    What Are The Environmental Benefits Of Choosing Eco-friendly Rubbish Removal In Croydon?

    Why You Should Hire Waste collectors for efficient waste removal

    Why You Should Hire Waste collectors for efficient waste removal

    Choosing the Right Floating Dock Platform for Your Aquaculture Cages

    Choosing the Right Floating Dock Platform for Your Aquaculture Cages

    How to Use UV Light in Your HVAC System for Cleaner Air

    How to Use UV Light in Your HVAC System for Cleaner Air

  • Property
    Importance Of Having A Property Management System For Airbnb Hosts 

    Importance Of Having A Property Management System For Airbnb Hosts 

    Real Estate

    Secrets to Building Wealth through Real Estate Investing

    Real Estate

    Precision Matters: Why a Specialist Real Estate Makes All the Difference

    Guide to purchasing property in Marbella

    Guide to purchasing property in Marbella

    Can Parquet Flooring Work in Modern Homes: A Versatile Choice or Just for Period Properties?

    Can Parquet Flooring Work in Modern Homes: A Versatile Choice or Just for Period Properties?

    7 Key Benefits of Asset Tracking for Property Owners

    7 Key Benefits of Asset Tracking for Property Owners

    company event image

    Luxury vs. Budget: Wedding Venues in the City of London for Every Couple

    Home

    How to Sell Your Chelsea Home for the Best Price

    How Smart Homes Are Changing the Way We Live

    How Smart Homes Are Changing the Way We Live

  • eCommerce
    The Importance of Digital Valuations for UK Ecommerce Brands

    The Importance of Digital Valuations for UK Ecommerce Brands

    Blink-and-Buy: Designing Checkouts That Convert in Under 10 Seconds

    Blink-and-Buy: Designing Checkouts That Convert in Under 10 Seconds

    High Stakes Strategies: Lessons E-commerce Entrepreneurs Can Learn from Casinos

    High Stakes Strategies: Lessons E-commerce Entrepreneurs Can Learn from Casinos

    Amazon Expert

    Amazon Expert: Key Qualifications to Look For

    Boosting Ecommerce Revenue with Smart Targeting Strategies

    Boosting Ecommerce Revenue with Smart Targeting Strategies

    Personalized Shopping: How Technology is Transforming Retail

    Personalized Shopping: How Technology is Transforming Retail

    How Can Ecommerce Businesses Learn From Entertainment Platforms?

    How Can Ecommerce Businesses Learn From Entertainment Platforms?

    Magento Web Development Company: Unlocking the Power of E-Commerce

    Magento Web Development Company: Unlocking the Power of E-Commerce

    eCommerce in 2025: What’s Changing and Why It Matters

    eCommerce in 2025: What’s Changing and Why It Matters

No Result
View All Result
Today News
Home Finance

How Stablecoins Are Revolutionizing Cross-Border Payments

David Prior by David Prior
May 8, 2024
Reading Time: 4 mins read
Close-up Crypto Coins
391
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Introduction

Traditional cross-border payments have long been plagued by inefficiencies, including high costs, long processing times, and lack of transparency. However, the rise of stablecoins is revolutionizing this landscape, offering a more efficient, cost-effective, and transparent alternative. In this article, we will explore how stablecoins are reshaping cross-border payments and the impact they are having on the global financial system. In addition, if you are looking for a free and easy-to-use website that helps people find an education company to start learning about investments, you may visit https://everix-edge.io/.

The Need for Change in Cross-Border Payments

Traditional cross-border payments are often slow, costly, and opaque. Financial institutions typically rely on a network of correspondent banks to facilitate these transactions, which can lead to delays and additional fees at each step of the process. Moreover, the lack of transparency in traditional systems can make it difficult to track payments and ensure they reach their intended recipients promptly.

Related posts

What is Automated Invoice Processing?

What is Automated Invoice Processing?

May 28, 2025
543
The UK Treasury Aims to Introduce a Single Tax for Remote Gambling

The UK Treasury Aims to Introduce a Single Tax for Remote Gambling

May 27, 2025
446

What Are Stablecoins?

Stablecoins are a type of cryptocurrency that is designed to maintain a stable value relative to a specified asset, such as the US dollar or gold. Unlike other cryptocurrencies, which can be highly volatile, stablecoins are intended to provide a reliable store of value and a medium of exchange. There are several types of stablecoins, including fiat-backed stablecoins, which are backed by a reserve of fiat currency, and crypto-backed stablecoins, which are backed by a reserve of other cryptocurrencies.

Advantages of Stablecoins in Cross-Border Payments

Stablecoins offer several key advantages over traditional cross-border payment methods. Firstly, stablecoins can facilitate near-instantaneous transactions, allowing users to send and receive payments in real time. This can be particularly beneficial for businesses that need to make time-sensitive payments or for individuals who rely on remittances for their livelihoods.

Secondly, stablecoins typically have lower transaction fees compared to traditional payment methods. This can result in cost savings for both businesses and individuals, especially for cross-border transactions that would otherwise incur high fees through traditional banking channels.

Finally, stablecoins offer increased transparency and traceability of transactions. Because stablecoin transactions are recorded on a blockchain, they can be easily tracked and verified, reducing the risk of fraud and ensuring that payments reach their intended recipients.

Types of Stablecoins

There are several types of stablecoins, each with its unique features and mechanisms for maintaining price stability. Fiat-backed stablecoins are backed by a reserve of fiat currency, such as the US dollar or the euro. These stablecoins are typically issued by a central authority and are redeemable for the underlying fiat currency at a fixed exchange rate.

Crypto-backed stablecoins, on the other hand, are backed by a reserve of other cryptocurrencies, such as Bitcoin or Ethereum. These stablecoins rely on smart contracts to maintain price stability, with the smart contract automatically adjusting the supply of stablecoins based on demand.

Algorithmic stablecoins are a newer type of stablecoin that uses algorithms to maintain price stability. These stablecoins are not backed by any underlying asset but instead rely on algorithmic mechanisms to regulate the supply of stablecoins in circulation.

Use Cases and Adoption

Stablecoins are being used in a variety of ways to facilitate cross-border payments. For example, some businesses are using stablecoins to pay overseas suppliers, reducing the time and cost associated with traditional banking channels. Similarly, individuals are using stablecoins to send remittances to family members in other countries, bypassing the high fees charged by traditional remittance services.

Financial institutions are also beginning to adopt stablecoins for cross-border payments. For example, some banks are using stablecoins to settle transactions with other banks, reducing the need for correspondent banking relationships and streamlining the settlement process.

Challenges and Risks

Despite their potential benefits, stablecoins also face several challenges and risks. One of the main challenges is regulatory uncertainty, with regulators in many jurisdictions grappling with how to classify and regulate stablecoins. Some regulators are concerned about the potential for stablecoins to be used for money laundering or terrorist financing, while others are worried about the systemic risks that stablecoins could pose to the financial system.

Another risk associated with stablecoins is their reliance on a central authority or algorithm to maintain price stability. If the central authority fails or the algorithm malfunctions, the stablecoin could lose its peg to the underlying asset, leading to price volatility and potential losses for holders of the stablecoin.

Future Outlook

Despite these challenges, the future looks bright for stablecoins in the cross-border payments space. As more businesses and individuals become aware of the benefits of stablecoins, adoption is likely to continue to grow. Moreover, ongoing innovation in the stablecoin space, such as the development of new types of stablecoins and improvements in existing stablecoin technologies, is likely to further enhance the efficiency and effectiveness of stablecoins for cross-border payments.

Conclusion

In conclusion, stablecoins are revolutionizing cross-border payments by offering a more efficient, cost-effective, and transparent alternative to traditional payment methods. With their ability to facilitate near-instantaneous transactions, lower transaction fees, and increase transparency, stablecoins are poised to play an increasingly important role in the global financial system.

David Prior

David Prior is the editor of Today News, responsible for the overall editorial strategy. He is an NCTJ-qualified journalist with over 20 years’ experience, and is also editor of the award-winning hyperlocal news title Altrincham Today. His LinkedIn profile is here.

Previous Post

Navigating the Altcoin Community: A Beginner’s Guide

Next Post

DeFi Yield Farming: Maximizing Returns in the Decentralized Finance Space

Related Posts

What is Automated Invoice Processing?
Finance

What is Automated Invoice Processing?

May 28, 2025
543
The UK Treasury Aims to Introduce a Single Tax for Remote Gambling
Finance

The UK Treasury Aims to Introduce a Single Tax for Remote Gambling

May 27, 2025
446
Eriongroup.biz Reviews: Confident Investments with a European Broker
Finance

Eriongroup.biz Reviews: Confident Investments with a European Broker

May 26, 2025
451
How Crypto is Enabling Micropayments for Content
Finance

How Crypto is Enabling Micropayments for Content

May 22, 2025
455
Fan Tokens: When Finance Meets the Passion for Football
Finance

Fan Tokens: When Finance Meets the Passion for Football

May 20, 2025
450
The Hidden Costs of Convenience: Why Subscription Overspending Is the New Budget Killer
Finance

The Hidden Costs of Convenience: Why Subscription Overspending Is the New Budget Killer

May 20, 2025
375
Next Post
Crypto Different Coins

DeFi Yield Farming: Maximizing Returns in the Decentralized Finance Space

RECOMMENDED NEWS

IP Camera

How to Optimize Free IP Camera Software for Best Performance

6 months ago
36
Exploring the Best Treatments for a Natural, Radiant Look

Exploring the Best Treatments for a Natural, Radiant Look

2 months ago
488
Transforming Your Kitchen: The Appeal of Quartz Worktops

Transforming Your Kitchen: The Appeal of Quartz Worktops

6 months ago
54
The Best Affiliate Sites for Low Wagering Bonuses

The Best Affiliate Sites for Low Wagering Bonuses

2 months ago
581

BROWSE BY CATEGORIES

  • Business
  • Careers
  • Charity
  • Consumer
  • Culture
  • eCommerce
  • Education
  • Energy
  • Engineering
  • Entertainment
  • Entrepreneurs
  • Environment
  • Fashion
  • Finance
  • Food & Drink
  • Gaming
  • Gardening
  • Health
  • Insurance
  • Interiors
  • Legal
  • Leisure
  • Lifestyle
  • Manufacturing
  • Marketing
  • National
  • News
  • Opinion
  • Pets
  • Politics
  • Property
  • Sales
  • Sport
  • Sports
  • Tech
  • Transport
  • Travel
  • Uncategorized

BROWSE BY TOPICS

Agency AI autosmart banking Beauty business Christmas construction cyber security data digital Digital Marketing Services ecommerce entertainmnet finance fitness health inflation insurance kitchen KYND lifestyle manchester music News north overseas Personal Injury Pharmaceutical Industry property Real Estate recruitment Sir Michael Morpurgo Skincare sports technology The Victoria Quarter tourism travel UK vehicles Warkworth village watch workspace yorkshire

Latest news

Digital Education

EdTech in the UK: Are We Ready for the Next Phase of Digital Education?

May 29, 2025
Reshaping Construction

Compact Power, Big Impact: How Mini Excavators Are Reshaping Construction

May 29, 2025
Pac-Man Arcade Machine

Pac-Man Arcade Machine: How a Phenomenon Was Born

May 29, 2025
Syna World Hoodies

Level Up Your Look with the Hottest Syna World Hoodies

May 29, 2025
Cross Linking in Polymers

Understanding Cross Linking in Polymers for Better Performance

May 29, 2025
Machine Maintenance

ISBM Machine Maintenance Tips for Optimal Performance

May 29, 2025
French Dairy vs. British Dairy

French Dairy vs. British Dairy: How’s the Difference in Taste and Use?

May 29, 2025
Ammunition Manufacturing

The Benefits of Sustainable Practices in Ammunition Manufacturing

May 29, 2025
Watermarks

How to Remove Watermarks from an Image — Free Online Tool Guide

May 29, 2025
Reliable delivery of dietary supplements and vitamins in the UK: myth or reality?

Reliable delivery of dietary supplements and vitamins in the UK: myth or reality?

May 28, 2025

Today News

  • About
  • Write for us
  • Contact
  • Privacy Policy

@2024 Rooftree Publishing Ltd

Today News in association with Kajino.com

Sign up for our newsletter




  • Business
  • Tech
  • Consumer
  • Finance
  • Environment
  • Property
  • eCommerce

Recent News

Digital Education

EdTech in the UK: Are We Ready for the Next Phase of Digital Education?

May 29, 2025
Reshaping Construction

Compact Power, Big Impact: How Mini Excavators Are Reshaping Construction

May 29, 2025
No Result
View All Result
  • Home
  • Business
  • Tech
  • Consumer
  • Finance
  • Environment
  • Property
  • eCommerce
  • Write for us
  • About
  • Contact