No more guessing whether XLM can replace SWIFT—traditional financial giants have directly delivered an answer that renders it obsolete.
After the Fed allows banks to issue compliant stablecoins, JPMorgan and Citibank, backed by their built-in trillion-dollar networks, have started issuing 1:1 fiat-pegged stablecoins to enable direct, real-time settlement.
On one side are compliant stablecoins with second-level settlement and zero FX risk; on the other is XLM, merely a transfer bridge whose price can fluctuate at any time. When it comes to real, in-the-matter-of-cash cross-border transfers, who would be willing to take on the risk of a token’s sudden surge or crash?
The key settlement pain points have been addressed in the most straightforward way by the traditional powerhouses, effectively draining the core real-world use case that XLM depends on. Once the underlying demand is replaced, calling for a long-term bullish outlook now—I don’t buy it.
#XLM
After the Fed allows banks to issue compliant stablecoins, JPMorgan and Citibank, backed by their built-in trillion-dollar networks, have started issuing 1:1 fiat-pegged stablecoins to enable direct, real-time settlement.
On one side are compliant stablecoins with second-level settlement and zero FX risk; on the other is XLM, merely a transfer bridge whose price can fluctuate at any time. When it comes to real, in-the-matter-of-cash cross-border transfers, who would be willing to take on the risk of a token’s sudden surge or crash?
The key settlement pain points have been addressed in the most straightforward way by the traditional powerhouses, effectively draining the core real-world use case that XLM depends on. Once the underlying demand is replaced, calling for a long-term bullish outlook now—I don’t buy it.
#XLM