Stablecoins and the Future of Payments: Evidence from Financial Markets

2026

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AI-generated summary

This paper provides empirical evidence on how financial markets perceive the impact of stablecoins on the payments industry.

* Analyzes the market reaction of incumbent payment firms to U.S. legislation supporting stablecoins.
* Estimates the reduction in market value for payment firms due to increased competition from stablecoins.
* Examines how this impact varies across different types of payment firms, such as those focused on cross-border payments or those with strong network effects.

Tags: Stablecoins, Payments, Financial Markets, Competition, Regulation

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