Crypto solves real problems
AI summary of the linked articleThe author argues that stablecoins solve real payment problems, citing on-chain data for USDC on Base. Since Circle launched USDC on Base in August 2023, about 300 million peer-to-peer transactions under $500 have been posted, totaling $18 billion. At a 2% credit-card fee, that volume would cost users $360 million, while the author estimates the network fees for the same transfers at roughly $3 million, a 99% saving. The author also points to remittance and currency-crisis uses, such as a Turkish family saving in digital dollars. |
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1 comment Thanks for writing and submitting this Carl. Reading this inspired me to immediately be more bullish. And I agree, even as a German having the option to more easily hold USD and also get its yield is a small improvement but a noticable one. And as you say, for people in countries with non-stable currencies it‘s a game changer! |
