Yesterday, I saw a news story: On November 9, U.S. bank PNC announced a pilot with Coinbase. Business customers can receive USDC on Ethereum, which is automatically converted to dollars at a 1:1 rate and deposited into their bank accounts.
It sounds like another step forward for stablecoins, but when I took a closer look at the details, I found it pretty interesting: the bank only handles the “receiving” part. You can’t keep the coins in your account and spend them, and the bank doesn’t offer a way to send USDC out. In other words, the coins can enter the bank, but the moment they do, they’re no longer coins.
It made me think about my own experience spending stablecoins: the ways to receive money keep expanding, with banks and payment companies getting on board, but when it comes time to actually pay, there are still only a few ways to spend it directly—you either convert it back to fiat or rely on a card. Receiving it is easy; spending it still means finding another way out.
So when I see this kind of news now, I ask one more question: does it solve “how money gets in,” or “how money gets spent”? There are more and more solutions for the former. The latter is what still trips me up when I’m paying for things every day.
Once you receive stablecoins, do you usually convert them straight back to fiat, or keep some for everyday spending?
#稳定币 #加密支付 #USDC
It sounds like another step forward for stablecoins, but when I took a closer look at the details, I found it pretty interesting: the bank only handles the “receiving” part. You can’t keep the coins in your account and spend them, and the bank doesn’t offer a way to send USDC out. In other words, the coins can enter the bank, but the moment they do, they’re no longer coins.
It made me think about my own experience spending stablecoins: the ways to receive money keep expanding, with banks and payment companies getting on board, but when it comes time to actually pay, there are still only a few ways to spend it directly—you either convert it back to fiat or rely on a card. Receiving it is easy; spending it still means finding another way out.
So when I see this kind of news now, I ask one more question: does it solve “how money gets in,” or “how money gets spent”? There are more and more solutions for the former. The latter is what still trips me up when I’m paying for things every day.
Once you receive stablecoins, do you usually convert them straight back to fiat, or keep some for everyday spending?
#稳定币 #加密支付 #USDC