How Stablecoins are Quietly Replacing Broken Banking Infrastructure
This analysis explores how stablecoins are increasingly being used as the underlying infrastructure for real-world money movement, particularly within the TON ecosystem. BeInCrypto interviews Norman Wooding, CEO of Swiss-licensed digital asset platform SCRYPT, which serves as TON's institutional gateway for stablecoins. Wooding notes that stablecoins now represent approximately 80% of SCRYPT's processed volume, driven by demands for efficiency in corporate treasury optimization and cross-border remittances. He identifies 2023 as the turning point when traditional finance recognized on-chain settlement viability. The article contrasts stablecoin efficiency with broken legacy correspondent banking systems, which involve multiple intermediaries, unpredictable fees, and slow processing. Wooding argues that stablecoins offer faster, cheaper, more transparent, and auditable transactions. The piece also highlights regulatory fragmentation globally, with Switzerland cited as a proactive jurisdiction for building institutional-grade stablecoin infrastructure.
Editorial responsibility
- No named human review is recorded for this page.
- Reports are grouped by semantic similarity and deterministic rules. Language models may assist titles, summaries, translation and cross-source analysis; the page itself is projected from evidence records.
- Current automated evidence projection