STABLECOIN SETTLEMENTS

Summary from the TLDR Crypto newsletter

This article from Coinbase explains how the company is aiming to modernize the financial system by developing crypto-based alternatives to the ACH direct deposit method. Coinbase says that the current ACH system, established in the 1970s, is slow and lacks standardization, resulting in inefficiencies. By swapping ACH for blockchain-based stablecoin settlement, Coinbase asserts that transaction confirmation times could be dramatically reduced, saving costs and minimizing price volatility. It would also eliminate intermediaries, streamline transactions, and promote transparency.