[MELD Co-Founder: Most Businesses Convert Stablecoins to Fiat Immediately After Settlement] According to an interview with Cointelegraph, Pankaj Bengani, co-founder of stablecoin payment company MELD, stated that the vast majority of businesses in their data immediately exchange stablecoins for fiat currency after transaction settlement, primarily using them for cross-border commercial payments rather than holding crypto asset exposure. He believes that stablecoins will not replace SWIFT in the short term but may reduce intermediary steps involving correspondent banks. Banks will still play a role in custody, compliance, liquidity, and local settlement.