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Stablecoins could finally fix cross-border payments

Stablecoins could finally fix cross-border payments

2025/06/28 15:32
By:

PayPal’s CEO, Alex Chriss got a vision , and a big one. He’s telling us that stablecoins, might just be the secret sauce to finally cracking the code on cross-border payments.

Sending money overseas has been a pain in the neck, slow, expensive, and full of headaches.

But stablecoins? They promise to flip the script with speed, lower fees, and transparency.

Real use-cases

Now, don’t get me wrong, in the U.S., people are still cozy with their credit cards and banking apps. It’s traditional. Familiar.

It works. They’re not exactly lining up to swap their plastic for stablecoins just yet. Chriss admits this.

Americans are a tough crowd when it comes to changing their payment habits. But outside the U.S., in places where banking is either scarce or costs a fortune, stablecoins in mobile wallets are a real game changer.

Imagine you’re sending money back home to your family, and instead of waiting days and paying a fortune, it happens almost instantly, and you keep more of your hard-earned cash. That’s the real deal, the kind of impact that matters.

Stablecoins in the everyday life

PayPal isn’t just talking big, as they’ve been in the stablecoin game since 2023, rolling out their own digital dollar and building tools to help people actually use it.

They’re not interested in creating another crypto casino where people gamble on price swings.

Nope, they want stablecoins to be part of everyday life, like paying bills, sending money, making commerce smoother. It’s like turning crypto from a flashy sports car into a reliable family sedan.

Being optimistic

And here’s where it gets interesting, because the GENIUS Act is making waves in Washington.

This bill, already passed by the Senate and waiting for the House, wants to set clear rules and protections for stablecoin users. And guys, that’s huge.

It means businesses and regular people can finally feel safe jumping into the cryptocurrency pool without worrying about getting burned.

Plus, other laws are in the pipeline to clarify how agencies like the SEC and CFTC will handle these assets. Bipartisan support, no less. It’s like the government’s finally putting up traffic lights and stop signs on the crypto highway.

So Chriss is quite optimistic. The infrastructure is getting there, the rules are shaping up, and the opportunity?

It’s ripe for the taking. So next time you’re frustrated with sending money abroad, remember, PayPal and stablecoins might just be the muscle to fix this broken system.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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