A recent UK policy sprint has identified cross-border payments as the top use case for stablecoins, according to reporting from CoinTelegraph.
Industry participants involved in the sprint noted that stablecoins offer significant near-term benefits for cross-border payments, which could drive their adoption in this area.
In contrast, domestic UK retail adoption of stablecoins is likely to remain limited, suggesting that their primary benefits will be felt in international transactions rather than local commerce.