Stablecoins are not always cheaper or faster than other payments, but some experts say they will provide real value in the future.

As the U.S. Senate considers putting the Clarity Act on President Trump’s desk for signature, Chris Nichols of SouthState Bank says he believes stablecoins will start to have an impact on financial institutions in the next two to three years.

While thousands of banks and credit unions use FedNow or Real Time Payments, many won’t allow customers to hit “send.”

With more financial institutions embracing digital assets, automated blockchain transactions could streamline and speed up both operations and lending.

Skeptics say the budding technology is a gamble because banks must disrupt card fee revenue while trying to change consumer habits.

Credit card companies have ramped up their offerings and other payment providers have announced plans as well. But can it go fully mainstream if financial institutions aren’t on board?

Some say these digital assets are the key to making sure deposits stay in the banking system long-term.

Although a recent court ruling denied Custodia Bank access to the Fed’s payment rails, the central bank now appears ready to provide access to nontraditional institutions on its own.

Fiserv and FIS have proposed stablecoin offerings for banks and credit unions, but how many will want to use them?

The potential of pay by bank to disrupt the card payment value chain is clear.