Why are people using stablecoins for everyday payments?
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According to the survey, 27% of respondents use stablecoins for everyday purchases, citing lower fees and faster cross-border transfers as the main reasons.
Users who rely on stablecoins for remittances reported saving around 40% in fees compared to traditional methods. Because stablecoins are typically pegged 1:1 to fiat currencies like the US dollar or euro, they avoid the volatility seen in other cryptocurrencies, making them more practical for daily spending.
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I love my crypto debit card. Added it to apple pay also. I use Metamask card.
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Stablecoins for remittances saving 40% in fees is actually huge.
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Pegged to fiat makes them usable, not just tradable.