This is possible if they are used in 80% of international transactions, which would free up $3 trillion in liquidity. At present, these funds are held by banks to facilitate cross-border payments.
Seven of the 10 largest U.S. banks have already tested stablecoins or tokenized deposits for settlement. The remaining three are also considering their use. Coinbase also noted that 73% of all stablecoin transfer volume occurs outside U.S. banking hours.
They identified 293 million blockchain addresses holding stablecoins, which exceeds the number of American Express and Discover cards. In particular, sending $200 in USDC is 86% cheaper than using traditional banking services.