Stablecoins are making main strides in mainstream adoption.
The blockbuster IPO of USDC issuer Circle and the GENIUS Act stablecoin bill becoming law in the U.S. in July boosted pleasure for cryptocurrencies which might be pegged to the value of the U.S. greenback.
Now, small and medium-sized companies in the U.S. are exploring how the expertise could reduce down on one their largest bills: fee processing charges.
Merchant processing charges totaled a report $187.2 billion in 2024, in keeping with a examine from Nilson Report. Those charges are collected from bank card swipes and cell phone funds.
“If credit card transaction fees were an employee in my business, they would be by far the highest-paid employee,” stated Wade Preston, co-founder of Prevail Coffee Roasters.
Prevail has 4 places between Alabama and Georgia, and it is testing a brand new fee app that enables prospects to pay with stablecoins at the register.
The purpose is to chop down on service provider processing charges and supply near-instantaneous receipt of fee.
“There’s tremendous potential in stablecoins. It should disrupt, to some extent, the traditional payment space we have today with credit and debit cards,” stated Doug Kantor, normal counsel for the National Association of Convenience Stores. “It has the promise of faster, cheaper, more efficient and frankly, more convenient transactions for consumers and businesses.”
Watch the video above to learn the way stablecoins could reshape how prospects shop at their favourite U.S. companies.