William Blair "Stablecoins Will Shake Up the International Payments Market"

Global investment bank William Blair projected that stablecoins will fundamentally replace existing international payment systems and become a new standard in financial markets.

On the 15th (local time), according to CoinDesk, William Blair said in a report, "Stablecoins are a core technological upgrade to the existing global remittance infrastructure," and "In the future, broad adoption will occur not only in business-to-business payments but also in the consumer payments sector."

It also expected that existing bank-based remittance systems will be replaced. The report said, "Existing bank-based cross-border remittance methods are slow, expensive, and fragmented systems," and "By contrast, stablecoins will replace the existing infrastructure by leveraging advantages such as 24-hour trading, instant settlement, and reduced intermediary costs."

It especially named Circle and Coinbase as the biggest beneficiaries. The report said, "Due to liquidity demands and network compatibility, the stablecoin market will eventually consolidate into a few major tokens," and "The dollar-based stablecoin USDC issuer Circle and the Coinbase platform that supports it will be core pillars of the market."