Lummis Says Stablecoins Could Speed Payroll and Lower Transfer Costs

Sen. Cynthia Lummis said stablecoins could speed up payroll and digital assets could lower international transfer costs, arguing that crypto critics overlook practical uses for the technology.

In a post on X, Lummis contrasted traditional payroll processing, which she said averages five days, with stablecoin payments that can be made nearly instantly. Her argument about international transfers focused on cost, comparing digital assets with bank services.

The post made a practical-use case for digital assets as Congress debates federal oversight of the sector.