The application of stablecoins in daily payments is gradually increasing, and their price stability (usually pegged to fiat currencies) and the convenience of blockchain technology make them a supplement to traditional payment methods. Below is a detailed analysis of stablecoin daily payments:
1. Advantages of Stablecoin Payments
1. Low Transaction Costs
- In cross-border payments, traditional bank fees are high and time-consuming; stablecoins can achieve almost real-time transfers through blockchain networks, with fees usually below $1.
- For example: remitting money overseas via USDC (USD stablecoin) costs far less than a SWIFT transfer.
2. No Geographical Restrictions
- Stablecoins are not subject to regional or foreign exchange controls, making them particularly suitable for scenarios such as cross-border trade and remittances from overseas workers.
3. 24/7 Availability
- Traditional banking systems are limited by business days, while stablecoin payments can be conducted around the clock, improving efficiency.
4. Privacy and Security
- Blockchain technology ensures that transactions are transparent and immutable; some stablecoins support anonymous payments in compliance with local regulations.