Stablecoins Emerging as Key Cross-Border Settlement Mechanism, Bernstein Report Reveals

Tuesday, 9 April 2024, 11:19

The latest report by Bernstein highlighted the increasing adoption of stablecoins as a preferred mechanism for cross-border settlements. While Solana leads in blockchain payments, scalability challenges pose a concern, indicating a need for further development in the space.
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Stablecoins Emerging as Key Cross-Border Settlement Mechanism, Bernstein Report Reveals

Stablecoins Adoption on the Rise

The recent Bernstein report underscores the growing trend of utilizing stablecoins for cross-border settlement purposes.

Solana's Dominance

Despite being a key player in blockchain payments, Solana faces scalability hurdles.

Scalability Concerns

The report highlights the pressing need to address scalability issues within blockchain networks for efficient cross-border transactions.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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