Stablecoins are popping up in interesting places after Congress and the White House signed the GENIUS Act, or Guiding and Establishing National Innovation for U.S. Stablecoins Act, building a framework to regulate stablecoin usage. Now small and medium-sized businesses are looking for ways to use the technology to cut costs. Prevail Coffee, a brand with locations in Georgia and Alabama, is piloting an app to support payments using stablecoins. Entrepreneurs in other countries have already adopted the trend, as one Argentinian filmmaker explains he’s using the technology to hedge his country’s volatile currency. Legacy payment institutions are now innovating to remain at the forefront of this new technology.
Chapters:
0:00 – Introduction
1:55 – Slashing payment fees
5:14 – International adoption
7:52 – Payment giants jump in
Produced and edited by: Christian Nunley
Shot by: Jeffrey Beard
Animation by: Jason Reginato
Senior Managing Producer: Jordan Smith
Additional Footage: Getty Images
Additional Sources: World Bank, International Monetary Fund, Nilson Report
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How Stablecoins Could Help Small Businesses Slash Credit Card Fees
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