Paybis Report: One in Four Businesses Turning to Stablecoins for Cross-Border Payments
A recent industry report shows that stablecoins are becoming an important supplement for cross-border payments. About 23% of businesses have started or plan to use stablecoins for international settlements within the next year to address the slow speed and high costs of traditional cross-border payments.
What are the key facts?
- 1Adoption rate: 23% of businesses have started or plan to use
- 2Growth trend: Significant increase in B2B stablecoin payments
What happened?
According to Paybis data, the use of stablecoins in B2B cross-border payments has significantly increased, primarily in the digital goods, technology, and e-commerce sectors, where businesses are leveraging them for quicker fund settlements.
What does this mean for cross-border sellers?
Cross-border sellers should pay attention to the use of stablecoins as a tool to reduce costs associated with cross-border payments. Failure to stay current may put them at a disadvantage in cost competition. Top priority action: Explore stablecoin payment solutions to optimize cash flow.