The Great Unbundling: Why Everyone Is Building a Stablecoin Chain (And Why Most Will Fail)
A 2025 year-end analysis of the stablecoin chain explosion, tokenized deposits, and what the fragmentation means for cross-border payments.
Tag: Cross-Border Payments (4)
A Mother in Lagos Sends $10. JPMorgan Sends $10M. Guess Who Pays More in Fees?
In the global payment system, small senders pay the highest percentage in fees. A mother in Lagos loses 8% sending $10 for school lunch, while a bank wiring $10 million pays less than 0.1%. Stablecoins may finally level the playing field.
The Stablecoin Sandwich and Why Remittances Stay Expensive
Stablecoin payments look simple, but the reality is a three-layer sandwich where banks, issuers, and exchangers each take a bite. Add FX spreads, and users lose billions each year. The fix is direct tokenized deposits and onchain FX markets that compress costs from dollars to cents.
Not Everything Needs a Token
Most blockchain pilots failed, but the survivors now move real value. Stablecoins, DeFi collateral, and corruption-proof records show where blockchain’s design choices actually deliver.