A stablecoin’s value matches its underlying traditional currency in a 1:1 ratio. Stablecoins are cryptocurrency tokens that represent the world’s currencies as digital assets so users - whether businesses, developers, or consumers - can move and exchange their value instantly. International payments need to be secure, fast, and able to change currencies. In order to solve this issue and have better payment rails for borderless commerce, you’ll need two important pieces of technology: 1) stable, trusted, accessible digital currencies, and 2) a fast, cost-efficient, and secure network that connects to all the world’s existing financial institutions. If you do cross-border transactions, you’ve seen that each time money moves between buyer and seller, or changes currencies, value is lost to an intermediary. In an increasingly cashless and global economy, separations between the world’s financial systems can cause friction when you’re running a global business.
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