The partnership between Visa and SoFi demonstrates that stablecoins can serve as alternative blockchain settlement rails. Businesses could benefit from continuous settlement reducing delays and the capital needed in different locations, particularly for cross-border payments. However, currency conversion, compliance costs, integration challenges, and stablecoin management remain significant obstacles. Payments in emerging markets remain complex due to thinner local currency liquidity and the need for domestic banking access to complete transactions.
Source: Read the original article
