There’s an unavoidable paradox at the heart of stablecoins’ growth story. The tokenized assets promise to modernize money by making dollars programmable, portable and instantaneous, yet their most compelling advantage may not be technical at all.
Instead, it may stem from something more prosaic, and potentially more controversial: the ability to move value through channels that ask fewer questions than the traditional banking system.
Financial regulation is expensive by design. Global banks spend billions annually on anti-money laundering (AML) programs, sanctions screening, and regulatory reporting. These costs are rarely visible to consumers, but they shape everything from wire fees to onboarding timelines.
Stablecoin ecosystems…
