“Fast” international money transfer without value fluctuations. AFAIK, it’s used to send money back overseas without fees and for online casinos. Most stablecoins are based on the USD, which has been dropping due to the actions of a certain person. It seems like a reasonable decision to create an “official” euro stablecoin. The EU has been pushing for an EU payment processor to avoid reliance on US based / connected payment countries, this seems like it might be related to that.
Money transfers, online payments for whatever, place to park your assets in volatile times in the market, integration into other on-chain investment systems, etc…
That’s basically the core use case: fast, borderless transfers without volatility. Beyond that, they’re mostly used as on/off ramps inside crypto, a parking place during market swings, and for dollar denominated settlement where traditional banking is slow or unavailable.👌
What is the use case of stable coins? Fast international money transfer? Or are there other I’m not aware of
money laundering
Hey, don’t forget legalized forgery.
“Fast” international money transfer without value fluctuations. AFAIK, it’s used to send money back overseas without fees and for online casinos. Most stablecoins are based on the USD, which has been dropping due to the actions of a certain person. It seems like a reasonable decision to create an “official” euro stablecoin. The EU has been pushing for an EU payment processor to avoid reliance on US based / connected payment countries, this seems like it might be related to that.
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Money transfers, online payments for whatever, place to park your assets in volatile times in the market, integration into other on-chain investment systems, etc…
Fact. 👌
That’s basically the core use case: fast, borderless transfers without volatility. Beyond that, they’re mostly used as on/off ramps inside crypto, a parking place during market swings, and for dollar denominated settlement where traditional banking is slow or unavailable.👌