Why use a government-backed stablecoin for international transfers?

[cryptoenthusiast]

Cross-border payments are notoriously slow and expensive due to multiple intermediaries. National stablecoins remove many of these layers, allowing direct settlement between countries using blockchain rails. This reduces costs dramatically, shortens settlement from days to seconds, and promotes the issuing country’s currency for regional or global trade. For emerging economies, a stablecoin can increase international usage of their currency and reduce reliance on USD-based payment systems.

[Nahid Hossen]

It can lower remittance fees and speed up cross-border settlements.

[Abdul Khan]

Government backing adds confidence compared to private stablecoins.