Advantages of Stablecoin
- -Borderless payments: Stablecoins can be sent through the internet without the need for a country, bank or any third party intermediary. Stable cryptocurrencies nor their transactions cannot be intercepted or censored because they operate on the blockchain.
- Low fees: Not relying on an intermediary and the peer-to-peer nature of stablecoins also makes transactions much cheaper than traditional ones.
- Faster transaction speed: Transactions on Blockchain are much faster than traditional transactions because there are no intermediaries and eliminates waiting times. As soon as the transaction is initiated, it usually only takes a few minutes for the funds to be sent to the recipient’s account.
- Transparency: Stablecoin transactions are done on public blockchains. User can track any transaction that takes place without being the one doing that transaction. This is not possible with the bar