money laundering
Comment on European banks to launch euro stablecoin in bid to counter US dominance
vermaterc@lemmy.ml 4 months ago
What is the use case of stable coins? Fast international money transfer? Or are there other I’m not aware of
cupcakezealot@piefed.blahaj.zone 4 months ago
UnderpantsWeevil@lemmy.world 4 months ago
Hey, don’t forget legalized forgery.
qaz@lemmy.world 4 months ago
“Fast” international money transfer without value fluctuations. AFAIK, it’s used to send money back overseas without fees and for online casinos.
Alphonsus@lemmy.world 2 weeks ago
Agreed. A euro-denominated stablecoin makes sense for fast cross-border payments without FX risk, especially if the goal is reducing dependence on USD rails. It fits neatly with the EU’s push for payment sovereignty and an independent financial stack.👌
treadful@lemmy.zip 4 months 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…
Alphonsus@lemmy.world 2 weeks ago
Fact. 👌
Alphonsus@lemmy.world 2 weeks ago
That’s basically the core use case: fast, borderless transfers without volatility. Beyond that, they’re mostly used as on/off ramps inside crypto, a parking place during market swings, and for dollar denominated settlement where traditional banking is slow or unavailable.👌