youtube
Stablecoins are popping up in interesting places after Congress and the White House signed the GENIUS Act, or Guiding and Establishing National Innovation for U.S. Stablecoins Act, building a framework to regulate stablecoin usage. Now small and medium-sized businesses are looking for ways to use the technology to cut costs. Prevail Coffee, a brand with locations in Georgia and Alabama, is piloting an app to support payments using stablecoins. Entrepreneurs in other countries have already adopted the trend, as one Argentinian filmmaker explains he’s using the technology to hedge his country’s volatile currency. Legacy payment institutions are now innovating to remain at the forefront of this new technology.
Chapters:
0:00 - Introduction
1:55 - Slashing payment fees
5:14 - International adoption
7:52 - Payment giants jump in
Produced and edited by: Christian Nunley
Shot by: Jeffrey Beard
Animation by: Jason Reginato
Senior Managing Producer: Jordan Smith
Additional Footage: Getty Images
Additional Sources: World Bank, International Monetary Fund, Nilson Report
» Subscribe to CNBC TV:
» Watch CNBC on the go with CNBC+:
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Want to be your own boss? Sign up for Smarter by CNBC Make It's new online course, How To Start A Business: For First-Time Founders. Find step
|
2025/10/01
youtube
