A recent KPMG report suggests that stablecoins could revolutionize cross-border payments by significantly reducing costs and settlement times. The report indicates that stablecoins can cut transaction costs by up to 99% and reduce settlement times from days to mere seconds. Currently, banks handle approximately $150 trillion annually through traditional, costly correspondent banking networks. The report also highlights increasing interest from major companies like JPMorgan and PayPal in blockchain-based payment solutions.