#StablecoinPayments Here is a clear summary about Stablecoin Payments:

What are stablecoins?

They are cryptocurrencies designed to have a stable price, usually pegged to fiat currencies like the dollar (e.g., USDT, USDC) or commodities (like gold). They reduce the volatility common in cryptos like Bitcoin.

How do they work in payments?

You can use stablecoins to pay for products, services, or send money to someone, without needing to go through traditional banks. Since they are on the blockchain, transfers are fast (even international) and usually have lower fees than banks or cards.

Advantages:

Lower volatility compared to other cryptos.

Fast global transfers, 24/7.

Lower costs compared to financial intermediaries.

More access for those without a bank account.

Challenges:

Need for a digital wallet.

Uncertain regulation in some countries.

Custody risk (if the stablecoin is not 100% backed).