WTO: stablecoins account for just 3% of cross-border payments as 61% of countries lack laws
- —Stablecoin use in cross-border payments grew 35-fold from 2020 to mid-2024
- —61% of the 28 FSB jurisdictions surveyed have not completed stablecoin legislation
- —Traditional transfers cost 5-8% and take 2-5 business days, while stablecoins settle in seconds
- —Developing countries that would benefit most from stablecoins have the weakest regulation
Why it matters: Regulatory fragmentation is holding back stablecoin growth in settlements, and harmonizing rules could accelerate their adoption in trade and money transfers.
Source: 動區 BlockTempo