Stablecoins can drain from banks and nations at lightning speed
Highly liquid and settling 24/7, stablecoins can leave banks and countries at lightning speed. But whether stablecoins are a risk — or an opportunity — depends on your perspective.
Anyone who’s ever sent a bank transfer overseas is familiar with the painful process of waiting for things like working hours, correspondent banks and settlement times.
In many cases, it would be faster, cheaper and just more efficient to strap the physical cash to a homing pigeon, or slap it in an envelope and send it via DHL.
Stablecoins can move money across borders around the clock, without waiting for the legacy system to fire up its steam engines.