Neeraj Srivastava, Chief Technology Officer at MNEE, argues that stablecoins haven’t reached their full potential due to inefficient blockchain infrastructure. While transaction times have been significantly reduced, they still vary widely depending on the blockchain network, leading to a sub-optimal user experience for both consumers and businesses. Ethereum, despite being home to most stablecoin supply, suffers from occasional fee spikes that can increase transaction costs, hindering the promise of near-instant money transfers. The author calls for a shift towards more efficient blockchains specifically designed for payments, such as Tether’s Plasma blockchain or Circle’s Arc network, where speed and low fees are prioritized. This evolution could usher in an era of truly borderless digital money, allowing for faster transactions and eliminating the limitations of traditional banking systems.