#StablecoinPayments How Stablecoins Will Consume Payments and What Happens Next

The current payment landscape is dominated by gatekeepers who charge high fees that reduce the profitability of every business they interact with, justifying those fees in the name of ubiquity and convenience, while stifling competition and limiting developers' creativity.

Stablecoins can do better.

Stablecoins offer lower fees, greater competition among payment providers, and increased accessibility. By reducing transaction costs to nearly zero, they can free businesses from the burdens posed by existing alternatives. Their adoption will begin with the businesses most harmed by current payment options, a process that could negatively impact the payment industry.

Stablecoins are already the most cost-effective way to send dollars. Last month, 28.5 million unique stablecoin users sent over 600 million transactions. Stablecoin users reside in almost every country and use them because they offer a secure, cost-effective, and inflation-resistant way to save and spend. In addition to cash and gold, stablecoins are the only widely adopted payment platform that operates without intermediaries such as banks, payment networks, or central banks. At the same time, stablecoins are programmable, extensible, and integrable without permission: anyone can help build the stablecoin payment platform on their payment systems.

This disruption may take time, but it is likely to happen faster than many anticipate. Businesses such as restaurants, retailers, companies, and payment processors would benefit the most from the stablecoin platform, with radical improvements in their margins. This demand will drive adoption, and as their adoption grows, their other advantages (permissionless composability and greater programmability)