Stablecoins and Cross-Border Payments: How Digital Dollars Move Across Borders

AI Summary Stablecoins are a type of cryptocurrency designed to hold a fixed value against a reference currency, most commonly one U.S. dollar. Transferring stablecoins across countries is unlike transferring money through a bank: A sender converts their local currency into a stablecoin, sends it to the recipient’s blockchain address via a blockchain network, and the recipient […] fulltext: 379 chars | fulltext source: rss-fallback | summary method: extractive Original: https://www.theblock.co/learn/410227/stablecoins-and-cross-border-payments?utm_source=rss&utm_medium=rss Source: The Block