Stablecoins are a type of cryptocurrency that is pegged to a specific asset or commodity, aiming to maintain a stable value. Here is some information about the daily payments with stablecoins:

Payment Methods

• Online Payments: On e-commerce platforms or online service platforms that support stablecoins, users can link their stablecoin wallets to their accounts and make payments just like using traditional e-wallets, with a simple and fast process.

• Offline Payments: Through dedicated payment terminals or mobile payment applications, users can scan the merchant's QR code or use NFC technology to complete payments, just like using Alipay or WeChat Pay.

Advantages

• Stability: Compared to volatile cryptocurrencies, stablecoins have a relatively stable value, effectively avoiding the risks associated with significant price fluctuations in daily payments, making consumers and merchants more at ease when using them.

• Fast and Convenient: Based on blockchain technology, stablecoin payments can quickly complete cross-border transfers and payments without the cumbersome procedures and long waiting times associated with traditional bank transfers.

• Lower Costs: Especially in cross-border payments, traditional remittances often come with high fees, while stablecoin payments can significantly reduce transaction costs.