HTX Research:The New Stablecoin Order: Restructuring Global Payments, Regulatory Legitimization, and the Capital War (Part I)
Overview
Singapore, 31 July, 2025 – Stablecoins are reshaping the global payment infrastructure, essentially building a low-cost, high-efficiency value transfer network. Traditional cross-border payments have long relied on SWIFT and intermediary banks—systems that are not only inefficient but also impose financial burdens on developing markets. In contrast, stablecoins function like a form of “room-temperature superconductivity” in the financial system, enabling instant, near-zero-cost capital flows across borders. They are fast becoming the foundational settlement layer for trillions of dollars in global transactions.
