“Fast” international money transfer without value fluctuations. AFAIK, it’s used to send money back overseas without fees and for online casinos.
Comment on European banks to launch euro stablecoin in bid to counter US dominance
vermaterc@lemmy.ml 3 weeks ago
What is the use case of stable coins? Fast international money transfer? Or are there other I’m not aware of
qaz@lemmy.world 3 weeks ago
popcornpizza@lemmy.blahaj.zone 3 weeks ago
For countries where the currency is unstable, stable currency is a way to protect one’s savings.
Where I’m from, historically you’d save in USD. But in the last few years, the market has imposed dumb obstacles, like the paper notes being completely unblemished (something that isn’t even a thing in the US, as far as I’m aware). That’s where stablecoins have been useful for the locals.
treadful@lemmy.zip 3 weeks ago
Money transfers, online payments for whatever, place to park your assets in volatile times in the market, integration into other on-chain investment systems, etc…
cupcakezealot@piefed.blahaj.zone 3 weeks ago
money laundering
UnderpantsWeevil@lemmy.world 3 weeks ago
Hey, don’t forget legalized forgery.