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Why Stablecoins Are Crypto's Real Payments Test

Every year, Filipinos working overseas send $35 billion back home - and a growing share of those transfers are being executed using stablecoins. The blockchain technology promises to make cross-border payments cheaper and nearly instantaneous, offering an alternative to traditional remittance channels. But even though the opportunity could be huge, stablecoins remain a tiny part of the global payments system today. With the GENIUS Act set to take effect and banks eyeing the space, the race to scale is just getting started. (Source: Bloomberg)