Stablecoin: Stablecoin Payment Infrastructure (Part 4)
Stablecoins: From On-Chain Dollars to Global Payment Networks: How Stablecoins Are Reshaping Cross-Border Settlement, Financial Institutions’ Fund Flows, and the Digital Financial System
Hey everyone, when we talk about crypto, our attention is almost always drawn to BTC, ETH, AI Crypto, RWA, and the latest hot narratives. Stablecoins are like a quiet backdrop, sitting unobtrusively in our wallets. We only think of them when markets fluctuate or when we’re moving funds between positions or making transfers.
For a long time, most people in crypto had a very simple understanding of stablecoins: they’re pegged to one U.S. dollar and used to buy crypto, hedge risk, and move funds around. Whether it’s USDT or USDC, people used them for one reason: trading. But today, I want to take a closer look at one key point: this understanding has already fallen far behind how the sector is evolving.