{"id":35759,"date":"2025-09-01T11:48:42","date_gmt":"2025-09-01T11:48:42","guid":{"rendered":"https:\/\/dev.tradesilvania.com\/mckinsey-stablecoins-emerge-as-a-faster-cheaper-remittance-solution\/"},"modified":"2025-09-01T11:48:42","modified_gmt":"2025-09-01T11:48:42","slug":"mckinsey-stablecoins-emerge-as-a-faster-cheaper-remittance-solution","status":"publish","type":"post","link":"https:\/\/www.tradesilvania.com\/en\/news\/mckinsey-stablecoins-emerge-as-a-faster-cheaper-remittance-solution\/","title":{"rendered":"McKinsey: Stablecoins emerge as a faster, cheaper remittance solution"},"content":{"rendered":"

\n \"McKinsey:\n <\/p>\n

Stablecoins are increasingly used as an alternative to traditional international payment networks, thanks to lower costs and faster processing times. A McKinsey report shows that cross-border payments exceeded $179 trillion in 2023, with demand for faster and cheaper solutions on the rise.<\/p>\n

PayPal has begun using its own stablecoin, PYUSD, to process payments through Xoom, bypassing the restrictions imposed by conventional banking hours. The company promotes digital currencies as a way to reduce fees and improve access to financial services.<\/p>\n

Financial consultants argue that stablecoins can improve the efficiency of companies with global operations, offering faster settlement times and lower remittance costs. Mark Nichols of Ernst & Young noted that corporate interest in these instruments is growing, especially in e-commerce, payroll, and merchant services.<\/p>\n

Stablecoin adoption could reduce processing times from several days to just seconds, as well as lower fees that, according to the World Bank, currently average 4.26% for sending $500 internationally.<\/p>\n","protected":false},"excerpt":{"rendered":"

Stablecoins are increasingly used as an alternative to traditional international payment networks, thanks to lower costs and faster processing times. A McKinsey report shows that cross-border payments exceeded $179 trillion in 2023, with demand for faster and cheaper solutions on the rise.<\/p>\n

PayPal has begun using its own stablecoin, PYUSD,<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[95],"tags":[99,98],"class_list":["post-35759","post","type-post","status-publish","format-standard","hentry","category-news","tag-en","tag-news"],"acf":[],"yoast_head":"\nMcKinsey: Stablecoins emerge as a faster, cheaper remittance solution<\/title>\n<meta name=\"description\" content=\"Stablecoins cut fees and speed up international payments. 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