How Stablecoins and Blockchain Are Disrupting Payments?
Antara Bhattacharyya
Stablecoins Ensure Price Stability: Unlike volatile cryptocurrencies, stablecoins are pegged to fiat currencies, offering secure, reliable transactions for cross-border and daily payments.
Faster Global Transactions: Blockchain enables near-instant global payments, reducing settlement times from days to seconds, compared to traditional banking systems and SWIFT transfers.
Lower Transaction Costs: Stablecoins powered by blockchain cut out intermediaries, significantly reducing transaction fees for remittances, business payments, and consumer purchases.
Enhanced Financial Inclusion: Unbanked populations gain access to digital money and payment systems, bridging the financial gap through blockchain-backed stablecoin solutions.
Transparent and Secure Systems: Blockchain ensures traceability, preventing fraud and enhancing trust in digital transactions, making stablecoins ideal for modern global commerce.