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

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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 […]