8 Reasons to use Stablecoins for TradFi
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1. Price Stability:
Stablecoins are pegged to stable assets like fiat currencies (i.e. USD), reducing volatility, which makes them suitable for payments and savings.
2. 24/7 Availability:
Stablecoins can be accessed and transacted at any time, regardless of banking hours, weekends, or holidays.
3. Instant Settlement:
Stablecoin transactions are settled almost instantly.
4. Low Transaction Costs
Stablecoins reduce intermediary fees, enabling low-cost transactions (few cents or dollars, depending on the network).
5. Financial Access & Autonomy:
Stablecoins provide access to financial systems, where users can lend, borrow, and earn interest without traditional banks. Users are in full control of their assets – an advantage in regions with restrictive or unstable banking systems.
6. Efficient Cross-Border Payments:
Stablecoins can be sent anywhere in the world. This makes them perfectly suitable for international transactions. 1 reply
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