A new market report from Sei Network is calling time on the century-old SWIFT system, arguing that stablecoin-powered payroll could slash cross-border payment times from days to sub-seconds while cutting costs by up to 98%.

The global payroll market, an estimated $50 trillion industry, has long been dependent on traditional financial rails like SWIFT, which are characterized by high fees, slow settlement times, and limited operational hours. A new wave of stablecoin-based solutions is challenging this status quo by offering a significantly more efficient alternative.

Legacy systems often charge up to $50 per wire transfer, with funds taking 3-5 business days to settle, and services being unavailable on weekends. In contrast, stablecoin payroll enables near-instant, low-cost transactions that can operate 24/7. This emerging infrastructure is beginning to gain traction among businesses seeking to modernize their payment operations.

Companies are leveraging the speed and efficiency of stablecoins like USDC to process payroll, a move that bypasses the friction of the conventional banking system. This adoption signals a broader trend of financial infrastructure shifting toward blockchain-based settlement for B2B applications, promising greater speed and lower costs for global commerce.

Read The Report:
https://blog.sei.io/stablecoin-payroll-report/