Stablecoin cross-border payments still flow back to banks
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AI-assisted source synthesis · not an independent investigation.
On October 13, 2026, PYMNTS reported that stablecoins can accelerate cross-border fund transfers, but after businesses receive stablecoins, they usually still need to convert them into U.S. dollars and return to the banking system to process payroll, supplier payments, and liquidity management. PYMNTS Intelligence data shows that 88% of businesses receiving stablecoins immediately convert them into U.S. dollars; among mid-sized businesses, 42% are interested in stablecoins, but the actual usage rate is only 13%. The Financial Stability Board (FSB) also warned that around-the-clock digital dollar transfers still rely on traditional financial markets to provide liquidity and redemption support. The report shows that stablecoins offer efficiency advantages in the transfer process, but fund settlement and subsequent operations remain closely linked to the banking system.
AI-written from reports · updated 6 days ago
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- PYMNTSStablecoins face a $10 million problem: funds ultimately still return to banks
Stablecoins can accelerate cross-border fund transfers, but after receiving funds, businesses still often need to convert them into USD and return them to the banking system to handle payroll, supplier payments, and liquidity management. PYMNTS Intelligence found that 88% of businesses receiving stablecoins immediately convert them into USD; 42% of mid-sized businesses are interested in them, but only 13% are already using them. FSB warns that around-the-clock digital dollar transfers still rely on traditional financial markets to provide liquidity and redemption support.
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