Opinion by: Neeraj Srivastava, chief technology officer at MNEE
When they first emerged, stablecoins were pitched as a revolution in payments. Traditional banking rails often take one to four days to settle debit card transactions (and weeks for wire transfers) and charge you a hefty sum for the service. Stablecoin settlements wouldn’t just be faster and cheaper; they’d be near-instant and cost almost zero.
Unfortunately, we can’t really claim they’ve lived up to that promise. While transaction settlement times have been significantly…
