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Article • 12 months ago

The Impact of Stablecoins on Cross-Border Commerce: Promises and Challenges

The Impact of Stablecoins on Cross-Border Commerce: Promises and Challenges
Summary
  • Stablecoins offer stability and efficiency, making them appealing for cross-border trade by reducing currency risk and lowering transaction costs.
  • Challenges in using stablecoins include regulatory uncertainty and potential volatility.
  • Businesses have successfully implemented stablecoins to expand their consumer base and streamline supply chain financing.
  • The Future Innovation Summit discussed the potential coexistence of CBDCs and stablecoins, with experts highlighting centralized risks and the potential for decentralization.

Source: https://www.financemagnates.com//cryptocurrency/have-stablecoins-made-cross-border-commerce-cheaper-or-easier/

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