Banks that fail to use stablecoins for cross-border payments risk losing business, facing higher costs, and fading into obscurity. The global cross-border payments system facilitates $150 trillion in annual transactions, a feat that has driven decades of international trade and economic growth.  Stablecoins are on track to replace this system entirely.  The question isn't whether this will happen; it's how fast the $150 trillion annual payment volume shifts from legacy banking networks to stablecoins. For reasons unrelated to blockchain hype, it could happen faster than most finance professionals expect.  Here's why: Institutions are racing to replace legacy payment systemsContinue reading on DailyCoin. Banks that fail to use stablecoins for cross-border payments risk losing business, facing higher costs, and fading into obscurity. The global cross-border payments system facilitates $150 trillion in annual transactions, a feat that has driven decades of international trade and economic growth.  Stablecoins are on track to replace this system entirely.  The question isn't whether this will happen; it's how fast the $150 trillion annual payment volume shifts from legacy banking networks to stablecoins. For reasons unrelated to blockchain hype, it could happen faster than most finance professionals expect.  Here's why: Institutions are racing to replace legacy payment systemsContinue reading on DailyCoin.