In Programmable Money: Stablecoins Are the Future of Cross-Border Commerce, William Blair’s Andrew Jeffrey, financial technology research analyst, presents the case that stablecoins will revolutionize the global financial system, replacing traditional cross-border business-to-business (B2B) money movement rails and, in certain situations, consumer commerce infrastructure. Unlike fiat-based cross-border commerce, which is comparatively slow, expensive, and fragmented, stablecoin commerce essentially eliminates FX risk; can be conducted 24/7, 365 days a year; requires fewer intermediaries; and offers near-instant and immutable transaction finality, as well as exposure to stable currencies, such as the U.S. dollar.
The report highlights that volume growth may be catalyzed by a series of key events, including the availability of new digital networks, corporate demand, infrastructure development at traditional networks, ecosystem partnerships, stablecoin standardization, and the capitulation of traditional finance.
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