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Stablecoins Slash $7T in Global Fees—Wall Street’s Old Guard Should Be Sweating
Stablecoins Slash $7T in Global Fees—Wall Street’s Old Guard Should Be Sweating
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Forget bank wires and their glacial processing times—Scaramucci’s latest pitch puts stablecoins front and center as the $7 trillion fee-killer.
Why it matters: Traditional cross-border payments bleed businesses dry with middlemen fees. Stablecoins? They cut settlement times to seconds and costs to pennies.
The cynical take: Funny how finance suddenly loves ’innovation’ once their 30% margins are on the chopping block.
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