UK policy sprint finds cross-border payments are stablecoins’ top use case
CoinTelegraph·
60-second summary
Industry participants emphasize that stablecoins offer the biggest near-term benefits for cross-border payments, citing their potential to reduce transaction costs and increase efficiency. They believe stablecoins will be widely adopted for international transactions, while domestic UK retail adoption is likely to remain limited due to existing payment infrastructure and regulatory hurdles affecting market growth.
Industry participants said stablecoins offer the biggest near-term benefits for cross-border payments, while domestic UK retail adoption is likely to remain limited.