REAL TIME PAYMENTS
Real Time Payments
FedNow vs. Stablecoin Rails: The Dual-Dollar Dilemma and Future of U.S. Payments
The U.S. is facing a "dual-dollar" dilemma as the FedNow instant payment system competes with stablecoin rails. FedNow offers real-time domestic transfers, while stablecoins enable global, cost-effective transactions. Industry consensus suggests both can coexist, serving distinct payment needs with implications for dollar dominance and international finance.