{"id":6388,"date":"2025-06-18T11:13:18","date_gmt":"2025-06-18T03:13:18","guid":{"rendered":"https:\/\/insights.digift.io\/?p=6388"},"modified":"2025-08-15T16:21:22","modified_gmt":"2025-08-15T08:21:22","slug":"the-real-reason-stablecoins-matter-and-its-not-about-fx-fees","status":"publish","type":"post","link":"https:\/\/insights.digift.io\/zh\/the-real-reason-stablecoins-matter-and-its-not-about-fx-fees\/","title":{"rendered":"The Real Reason Stablecoins Matter\u2014And It\u2019s Not About FX Fees"},"content":{"rendered":"<p class=\"wp-block-paragraph\">A common question we hear from payments platforms: <em><mark style=\"background-color:rgba(0, 0, 0, 0);color:#1551fe\" class=\"has-inline-color\">&#8220;If stablecoins don\u2019t reduce FX fees for USD\/EUR or USD\/SGD\u2014and if banks can already move money instantly\u2014why bother with stablecoins at all?&#8221;<\/mark><\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It\u2019s a fair question\u2014if you view stablecoins purely through the lens of cross-border spot FX. But that lens is too narrow. Stablecoins aren\u2019t here to compete with FX spreads. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">They\u2019re here to <strong>redefine how money is held, moved, and monetized inside your platform<\/strong>. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And this is where the opportunity lies\u2014for payments players, wallet apps, fintech platforms, and global treasury services.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Stablecoins Aren\u2019t Meant to Beat FX Fees<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">It\u2019s true: if your goal is purely to convert USD to EUR or SGD, the banking system today is already efficient\u2014sometimes <a href=\"https:\/\/www.swift.com\/news-events\/press-releases\/swift-cross-border-payment-processing-speed-stretches-further-ahead-g20-target\">at near-zero cost<\/a>. But that misses the bigger point: <strong>Stablecoins are about replacing static balances<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The moment money enters a wallet or platform, the real questions become:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Can that balance be used instantly across products and geographies?<\/li>\n\n\n\n<li>Can it earn yield while being held?<\/li>\n\n\n\n<li>Can it power programmable incentives (BNPL, cashback, loyalty)?<\/li>\n\n\n\n<li>Can it move 24\/7 without dependence on bank operating hours or ledgers?<\/li>\n<\/ul>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Stablecoins turn balances into programmable money.<\/strong> Static bank balances cannot. That doesn\u2019t mean the money itself changes\u2014but <a href=\"https:\/\/www.federalreserve.gov\/econres\/ifdp\/files\/ifdp1334.pdf\" data-type=\"link\" data-id=\"https:\/\/www.federalreserve.gov\/econres\/ifdp\/files\/ifdp1334.pdf\">how it can be used does<\/a>. With stablecoins, balances can move 24\/7, trigger automated on-chain actions (via \u201csmart contracts\u201d) and be deployed into yield or rewards\u2014all without relying on bank-ledger systems<em>.<\/em><\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Why Stablecoins Matter in Developed Markets<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Some argue that stablecoins are only useful in emerging markets. And yes\u2014stablecoins have <a href=\"https:\/\/www.chainalysis.com\/blog\/2024-latin-america-crypto-adoption\" data-type=\"link\" data-id=\"https:\/\/www.chainalysis.com\/blog\/2024-latin-america-crypto-adoption\">transformed remittances and financial access<\/a> in parts of LATAM, Africa, and Southeast Asia.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But their commercial value in developed markets is equally clear:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Moving fiat <em>(e.g., USD, EUR)<\/em> between bank accounts is easy\u2014but <a href=\"https:\/\/www.circle.com\/reports\/state-of-the-usdc-economy\/how-usdc-is-used-today\">moving programmable balances<\/a> between apps, wallets, and services is not.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:5px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Banking APIs are <a href=\"https:\/\/osl.com\/academy\/article\/bitcoin-for-global-payments-why-its-faster-and-cheaper-than-banks\" data-type=\"link\" data-id=\"https:\/\/osl.com\/academy\/article\/bitcoin-for-global-payments-why-its-faster-and-cheaper-than-banks\">not open 24\/7<\/a>\u2014stablecoins are.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:5px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Treasury, embedded finance, and wallet products <a href=\"https:\/\/stripe.com\/newsroom\/news\/sessions-2025\">increasingly need token-based money<\/a>\u2014not siloed bank ledger balances.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:5px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Serving Web3 clients is impossible with traditional banking rails\u2014<a href=\"https:\/\/newsroom.paypal-corp.com\/2025-06-11-PayPal-USD-PYUSD-Plans-to-Use-Stellar-for-New-Use-Cases\" data-type=\"link\" data-id=\"https:\/\/newsroom.paypal-corp.com\/2025-06-11-PayPal-USD-PYUSD-Plans-to-Use-Stellar-for-New-Use-Cases\">stablecoins make it seamless<\/a>.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">This is why forward-looking payments players\u2014<a href=\"https:\/\/crypto.news\/paypal-to-launch-its-stablecoin-pyusd-on-stellar\" data-type=\"link\" data-id=\"https:\/\/crypto.news\/paypal-to-launch-its-stablecoin-pyusd-on-stellar\">PayPal (PYUSD)<\/a>, <a href=\"https:\/\/www.ledgerinsights.com\/stripe-rolls-out-stablecoin-accounts-in-101-countries-as-bridge-launches-usdb\/\">Stripe\u2019s stablecoin rails<\/a>, <a href=\"https:\/\/www.ledgerinsights.com\/stablecoin-firm-straitsx-partners-alipay-grab-for-cross-border-settlement\/\">Grab\u2019s pilots<\/a>, and others\u2014are building stablecoin strategies. They see <strong>the wallet opportunity, not the FX play<\/strong>.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">From Stablecoins to Tokenized RWAs<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Stablecoins solve the wallet problem\u2014RWAs solve the yield problem.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Real-world assets (RWAs) are <a href=\"https:\/\/www.bcg.com\/press\/29october2024-tokenized-funds-the-third-revolution-in-asset-management-decoded\" data-type=\"link\" data-id=\"https:\/\/www.bcg.com\/press\/29october2024-tokenized-funds-the-third-revolution-in-asset-management-decoded\">tokenized representations of traditional financial assets<\/a>\u2014such as money market funds, T-bills, or private credit\u2014issued by regulated institutions and accessible on-chain. They allow balances to not just sit, but work.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This is especially relevant as platforms face <a href=\"https:\/\/www.ft.com\/content\/d033e015-f726-4d5f-ab38-2949171f2cdc\" data-type=\"link\" data-id=\"https:\/\/www.ft.com\/content\/d033e015-f726-4d5f-ab38-2949171f2cdc\">increasing margin pressure<\/a>. Offering tokenized RWA products as the underlying for stablecoin balances transforms idle float into yield-bearing capital. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Adopting stablecoins makes that yield far more scalable. On fiat rails, yield-bearing products usually require manual subscription to traditional assets, high minimums, and complex reconciliation. Passing that yield on to users at scale is <a href=\"https:\/\/console.settlemint.com\/documentation\/application-kits\/asset-tokenization\/use-cases\/fund-tokenization?utm_source=chatgpt.com#:~:text=Traditional%20fund%20administration%20systems%20rely%20on%20centralized%20registries%2C%20batch%2Dbased%20settlements%2C%20manual%20reporting%2C%20and%20delayed%20NAV%20disclosures.%20These%20inefficiencies%20increase%20the%20operational%20burden%2C%20limit%20distribution%20capabilities%2C%20and%20reduce%20investor%20access\" data-type=\"link\" data-id=\"https:\/\/console.settlemint.com\/documentation\/application-kits\/asset-tokenization\/use-cases\/fund-tokenization?utm_source=chatgpt.com#:~:text=Traditional%20fund%20administration%20systems%20rely%20on%20centralized%20registries%2C%20batch%2Dbased%20settlements%2C%20manual%20reporting%2C%20and%20delayed%20NAV%20disclosures.%20These%20inefficiencies%20increase%20the%20operational%20burden%2C%20limit%20distribution%20capabilities%2C%20and%20reduce%20investor%20access\">difficult and operationally costly<\/a>. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Tokenized RWAs can automate NAV updates and distribute yield programmatically through smart contracts\u2014<a href=\"https:\/\/console.settlemint.com\/documentation\/application-kits\/asset-tokenization\/use-cases\/fund-tokenization?utm_source=chatgpt.com#:~:text=Traditional%20fund%20administration%20systems%20rely%20on%20centralized%20registries%2C%20batch%2Dbased%20settlements%2C%20manual%20reporting%2C%20and%20delayed%20NAV%20disclosures.%20These%20inefficiencies%20increase%20the%20operational%20burden%2C%20limit%20distribution%20capabilities%2C%20and%20reduce%20investor%20access\" data-type=\"link\" data-id=\"https:\/\/console.settlemint.com\/documentation\/application-kits\/asset-tokenization\/use-cases\/fund-tokenization?utm_source=chatgpt.com#:~:text=Traditional%20fund%20administration%20systems%20rely%20on%20centralized%20registries%2C%20batch%2Dbased%20settlements%2C%20manual%20reporting%2C%20and%20delayed%20NAV%20disclosures.%20These%20inefficiencies%20increase%20the%20operational%20burden%2C%20limit%20distribution%20capabilities%2C%20and%20reduce%20investor%20access\">self-executing code that runs directly on-chain<\/a>. This means platforms can offer yield-bearing products natively inside the wallet\u2014something virtually impossible using fiat systems without building entire fund infrastructure.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">What Could That Look Like?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Imagine a payments card that lets users spend seamlessly across the Visa or Mastercard network\u2014while their balances earn yield in the background. Instead of sitting idle, stablecoin balances can be <a href=\"https:\/\/insights.digift.io\/zh\/digift-partners-with-amber-premium-to-bring-rwa-yield-to-crypto-card\/\" data-type=\"link\" data-id=\"https:\/\/insights.digift.io\/digift-partners-with-amber-premium-to-bring-rwa-yield-to-crypto-card\/\">deployed into on-chain assets offering real-world yield<\/a>\u2014all without leaving the app or wallet. The result:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Users earn yield-bearing balances<\/li>\n\n\n\n<li>The platform gains margin uplift on client float<\/li>\n\n\n\n<li>Everyone wins<\/li>\n<\/ul>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-alpha-channel-opacity has-background\" style=\"background-color:#f1f1f1;color:#f1f1f1\"\/>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-full\"><img data-recalc-dims=\"1\" fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"305\" data-attachment-id=\"6537\" data-permalink=\"https:\/\/insights.digift.io\/zh\/the-real-reason-stablecoins-matter-and-its-not-about-fx-fees\/real-reason-stablecoins-matter-flow-chart\/\" data-orig-file=\"https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/06\/Real-Reason-Stablecoins-Matter-Flow-Chart.png?fit=958%2C365&amp;ssl=1\" data-orig-size=\"958,365\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Real Reason Stablecoins Matter &amp;#8211; Flow Chart\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/06\/Real-Reason-Stablecoins-Matter-Flow-Chart.png?fit=800%2C305&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/06\/Real-Reason-Stablecoins-Matter-Flow-Chart.png?resize=800%2C305&#038;ssl=1\" alt=\"\" class=\"wp-image-6537\" srcset=\"https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/06\/Real-Reason-Stablecoins-Matter-Flow-Chart.png?w=958&amp;ssl=1 958w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/06\/Real-Reason-Stablecoins-Matter-Flow-Chart.png?resize=300%2C114&amp;ssl=1 300w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/06\/Real-Reason-Stablecoins-Matter-Flow-Chart.png?resize=150%2C57&amp;ssl=1 150w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/06\/Real-Reason-Stablecoins-Matter-Flow-Chart.png?resize=768%2C293&amp;ssl=1 768w, https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/06\/Real-Reason-Stablecoins-Matter-Flow-Chart.png?resize=18%2C7&amp;ssl=1 18w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-alpha-channel-opacity has-background\" style=\"background-color:#f1f1f1;color:#f1f1f1\"\/>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">That\u2019s not just a product feature\u2014it\u2019s a strategic value proposition for next-generation payments platforms. This is why players like PayPal, Stripe, and others are moving in\u2014not for FX arbitrage, but for <strong>balance sheet optimization and client stickiness<\/strong>. They&#8217;re unlocking new revenue streams like yield and float optimization, deeper engagement like rewards and loyalty, and better UX across global markets.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Building a Payments Platform that Your Users Need<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">If you\u2019re building for the next phase of payments, the question isn\u2019t whether stablecoins beat spot FX. It\u2019s whether your platform will deliver the programmable, yield-generating money experience users increasingly expect.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This is where stablecoins and tokenized RWAs unlock real value:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Revenue<\/strong> \u2014 Turn static float into yield-bearing balances<\/li>\n\n\n\n<li><strong>Retention<\/strong> \u2014 Embed programmable rewards, loyalty, and incentives<\/li>\n\n\n\n<li><strong>Reach<\/strong> \u2014 Serve both Web2 and Web3 clients with flexible treasury and payments tools<\/li>\n\n\n\n<li><strong>Relevance<\/strong> \u2014 Compete with next-gen players moving fast into this space<\/li>\n<\/ul>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">In short: stablecoins and tokenized RWAs aren\u2019t here to replace FX. They\u2019re here to replace static balances\u2014and transform your platform into an always-on, programmable, yield-generating wallet ecosystem.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-495c29a0c018e8a882c476e2e438bc55 wp-block-paragraph\" style=\"color:#1551fe\"><strong>Curious how this could work for your platform?<\/strong><\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-text-color has-background has-link-color wp-element-button\" href=\"https:\/\/www.digift.sg\/aboutUs\/contactUs?utm_source=Website&amp;utm_medium=Blog%20CTA&amp;utm_campaign=Web3&amp;utm_content=The-Real-Reason-Stablecoins-Matter\" style=\"border-radius:0px;background-color:#1551fe\"><strong>See How RWAs Can Power Your Next-Gen Payments Experience \u2192<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u514d\u8d23\u58f0\u660e<\/strong>: DigiFT and\/or its affiliates endeavor to ensure the accuracy and reliability of the information provided, but do not guarantee its accuracy and reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracy or omission or from any decision, action or non-action based on or in reliance upon information contained on this article. This is not an advertisement making an offer or calling attention to an offer or intended offer. Before making any investment decision, please seek independent legal and financial advice. The information and materials presented are intended solely for Accredited Investors and Institutional Investors within the meaning of the Securities and Futures Act 2001 of Singapore. They are not intended for, and should not be relied upon by, persons who are not such investors. DigiFT accepts no legal responsibility for any reliance placed by other investors for whom this content is not intended.<\/p>","protected":false},"excerpt":{"rendered":"<p>If banks move money fast &#038; cheap, what\u2019s the point of stablecoins? The real opportunity isn\u2019t in beating FX spreads, but about transforming bank balances.<\/p>","protected":false},"author":256897725,"featured_media":6534,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_angie_page":false,"_oasis_is_in_workflow":0,"_oasis_original":0,"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"page_builder":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false,"_links_to":"","_links_to_target":""},"categories":[132565,1],"tags":[],"class_list":["post-6388","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-academy","category-uncategorized"],"acf":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/06\/Real-Reason-Stablecoins-Matter-Main-Banner.png?fit=1173%2C620&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/pg7Ide-1F2","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/posts\/6388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/users\/256897725"}],"replies":[{"embeddable":true,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/comments?post=6388"}],"version-history":[{"count":48,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/posts\/6388\/revisions"}],"predecessor-version":[{"id":6542,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/posts\/6388\/revisions\/6542"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/media\/6534"}],"wp:attachment":[{"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/media?parent=6388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/categories?post=6388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/tags?post=6388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}