Elevandi's report explores the transformative potential of stablecoins in cross-border payments, highlighting their capacity to reduce friction and enhance speed in financial transactions. The use of blockchain infrastructure is emphasized as a significant innovation for connecting people globally and providing financial services to the unbanked population. At the Point Zero Forum in Zurich, discussions led by Circle's Dante Disparte with industry leaders underscored the dual trends of competition and convergence in global payments, as both traditional and new financial entities work to lower costs and expand accessibility. The report, co-authored by Circle's Josh Burek and David Anderson, notes that the existing financial system's complexity limits efficiency and inclusion, while stablecoins like USDC represent a pivotal upgrade by integrating fiat currency with internet capabilities. Circle's USDC platform facilitates seamless cross-border transactions, signaling a shift towards more efficient, interoperable financial systems as regulatory frameworks evolve and demand for financial access grows.