Global cross-border transactions in 2025 generated over $2.5 trillion in revenue from $2.0 quadrillion in value flows across 3.6 trillion transactions, according to the 2025 McKinsey Global Payments Report. Cross-border transactions play an important role in international trade, and businesses often explore more efficient payment systems.
Currently, SWIFT (Society for Worldwide Interbank Financial Telecommunication) is widely used for cross-border transactions. Traditional cross-border payment systems have dominated for decades until the arrival of blockchain technology. Innovations in cryptocurrency have prompted organizations and small businesses to evaluate alternative payment methods. This raises the question of how different payment systems may influence the future of international trade.
Overview of Stablecoin Settlement and SWIFT Systems
Stablecoin settlement is the process of completing a transaction using a stablecoin, a cryptocurrency derivative representing fiat currencies. Currently, stablecoin adoption is mostly prominent for the US dollar, with the most popular including USD Tether (USDT), USD Circle (USDC), and Euro Circle (EURC). Businesses and indiv...
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