Why are stablecoins seen as important for payments and remittances?

[AIcash]

Many countries view stablecoins as a way to modernize payments, making them faster, cheaper, and more transparent. Cross-border transfers using traditional systems can be slow and expensive, while blockchain-based stablecoins can settle in minutes at a fraction of the cost.

A domestic stablecoin allows governments to improve payment infrastructure while maintaining oversight. This is especially attractive for countries with large remittance flows or inefficient legacy payment rails.