William Blair Says Stablecoins Could Be the Next Major Disruptor in Cross-Border Finance

Reuters Style (Concise, Wire-Ready Format)

Stablecoins to Disrupt Cross-Border Payments, William Blair Says

Stablecoins will overhaul global payments and displace traditional banking networks, U.S. investment bank William Blair said on Tuesday.

Calling the digital assets a “major technology upgrade,” the Chicago-based firm said stablecoins enable 24/7 settlement, lower costs and eliminate foreign-exchange risk compared to legacy systems.

The bank expects Circle and Coinbase to benefit most as regulatory clarity improves and corporate demand rises. Both firms are central to stablecoin issuance and infrastructure.

William Blair said traditional banks may lose relevance even if they integrate stablecoin technology, as “most of the economic upside will accrue to newer entrants.”