Research Report: Stablecoins Have Significant Advantages in Cross-Border Payments and Retail Settlements

[Coin World] The research report deeply analyzes the potential transformative power of stablecoins in the financial system, pointing out that although this digital asset faces regulatory disputes, it has already demonstrated unique advantages in cross-border transactions and retail settlements. The report clearly states that cross-border person-to-person (P2P) payments are the most disruptive application scenario for stablecoins—compared to traditional banking systems, its settlement efficiency and cost advantages are significant, and it may become an important channel for capital flows in emerging markets. Notably, Shopify's move to allow merchants to accept USDC stablecoins has been seen as a landmark event for retail penetration, while the recent on-chain repurchase transaction of UST tokenized bonds further highlights institutional investors' recognition of the settlement function of stablecoins. In terms of market demand, it is estimated that the potential demand for stablecoins against U.S. Treasury bonds in the next 12 months will reach between $25 billion and $75 billion, but in the short term, it is insufficient to reverse the supply-demand pattern in the treasury bond market.