Stablecoin payments grow as banks retain influence over adoption

TL;DR: Stablecoins are getting cheaper and more widely used for payments, even as supply stalls. Borderless.xyz puts median remittance costs near 1% versus 6.36% for traditional transfers, and Allium says payments rose 45% while supply grew just 0.4%. Meanwhile, a BIS paper suggests that higher bank deposit rates could further slow growth. Three new reports highlight stablecoins’ potential to lower cross-border payment costs and their growing use in smaller transactions, while suggesting that sluggish supply growth and competition from better-paying bank deposits could shape the sector’s next phase.