TLDR Tech / Opinion
Stablecoins streamline card settlements, impacting correspondent banks
Payment networks like Visa, Stripe, and Mastercard's BVNK are incorporating stablecoins for rapid cross-border payouts and account funding. While card issuers and acquirers are unaffected, correspondent and transaction banks face revenue loss from fees, FX spreads, and float interest. Widespread adoption through enterprise partnerships raises questions about revenue sharing between issuers and distributors.
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