Could Stablecoins Disrupt Fiat Money Movements

[Suba]

Reading the tweets of the @artemis__xyz account on X (Twitter), according to him, stablecoins can disrupt all money movements. The increasing trend in the use of stablecoins has entered various aspects of finance such as forex trading, cross-border transfers, remittances and P2P which means that the role of stablecoins is increasing in the global economy and is ready to change the traditional financial order. In addition, in the crypto world, the largest stablecoin holders are Binance and OKEx so that crypto exchanges are similar to global banks. What do you think?

 

[King Belieal]

People are now more comfortable with receiving international payments through stable coins than Fiat and that can affect the demand for Fiat.

 

[Suba]

People are now more comfortable with receiving international payments through stable coins than Fiat and that can affect the demand for Fiat.

That means stablecoin has replaced the use of fiat money, especially in global transfers, which are faster and easier, no need to convert local fiat money to the destination country which will be charged.