Stablecoin rails could compress payment costs and broaden market access

An analysis argues that stablecoin digital dollars can be moved programmatically and almost instantly worldwide at a fraction of a cent, making payments and settlement more commoditized. Wallets such as Cash App and Revolut can connect to these networks, allowing businesses to settle directly with fewer intermediaries, lower processing costs and fewer delays.

The analysis says this could significantly change the payment utility model, particularly for large retailers whose margins are affected by processing fees. Examples include cross-border business payments and tokenized stocks and options, which internet-connected wallet users outside U.S. brokerage accounts could purchase and trade instantly. No quantified sector-specific savings are established.