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Why Are Stablecoins More Important Than Fiat Currency?
Stablecoins offer several advantages over traditional fiat currency, making them a powerful tool for global transactions. Here’s why they matter:
1. Borderless Transactions
Stablecoins operate on blockchain networks, allowing instant, cross-border payments without intermediaries. Unlike fiat, which is subject to banking hours and country-specific regulations, stablecoins enable seamless global transfers.
2. 24/7 Availability
Traditional banking systems have downtime, weekends, and holidays that delay transactions. Stablecoins, however, are available 24/7, allowing businesses and individuals to transact anytime without waiting for bank approvals.
3. Lower Transaction Fees
Sending money internationally using fiat currency often incurs high remittance fees, currency conversion charges, and intermediary bank costs. Stablecoins significantly reduce these costs, making transactions more efficient. 4 replies
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