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Why do countries need stablecoins for faster payments?
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Stablecoins allow money to move instantly and 24/7, unlike traditional bank transfers that depend on business hours, intermediaries, and slow settlement rails. For governments, this means faster domestic payments, quicker tax refunds, and more efficient distribution of subsidies or emergency aid without delays caused by legacy systems.
On a cross-border level, stablecoins can dramatically reduce remittance costs and settlement times. Instead of relying on correspondent banking networks, countries can use stablecoins to settle transactions directly, improving trade efficiency and reducing friction for businesses and citizens alike.
