A new report reveals that stablecoins are dramatically changing cross-border payments, slashing settlement times and costs by up to 99% according to KPMG research cited by JPMorgan and PayPal. The move is driven by increased adoption of blockchain-based payment channels like those used by these industry giants. This shift promises a more efficient financial ecosystem, freeing up liquidity and accelerating institutional adoption, especially with new regulatory measures fostering confidence in the market. KPMG’s report highlights the benefits of stablecoins: near real-time settlement on public blockchains without high transaction fees. This technology has the potential to revolutionize international payments, offering faster and cheaper alternatives to traditional payment rails that often involve higher costs and lengthy settlement times.