#StablecoinPayments
The payment term by Stablecoin means payment using stable digital currencies. Let me explain it simply:
What are stable digital currencies (Stablecoins)?
These are digital currencies designed to be stable in their value, and they are often linked to a real currency like the US dollar (USD), such as:
USDT (Tether)
USDC (USD Coin)
DAI
Its value is almost always = 1 US dollar.
What does it mean to pay with Stablecoins?
It means that you send or receive money (digitally) using these stable currencies. For example:
You sell a service or product and ask for payment in USDT.
You transfer an amount to your friend in another country using USDC instead of traditional banks.
Advantages of paying with Stablecoins:
1. Stability of value: they do not fluctuate like other digital currencies (like Bitcoin).
2. Fast: transfers happen in a few minutes, 24/7.
3. Lower cost: lower fees compared to bank transfers or Western Union.
4. Global: you can send to anyone in any country as long as they have a digital currency wallet.
Practical example:
Imagine you are freelancing with a foreign company, they send your salary via USDT to your Binance or Trust Wallet, then you can:
Keep it.
Convert it to local currency.
Buy services or goods with it.
It is also true that it has heavily penalized in France to have withdrawn #Usdt from the market but it is also stable the #Usdc by adapting..