Abhay KandelDec 26, 2021 · 3 years ago5 answers Is it possible to use stablecoins to avoid currency fluctuations when transferring money from the US to the Philippines?
I'm wondering if it's feasible to utilize stablecoins as a means to mitigate the impact of currency fluctuations when sending money from the United States to the Philippines. Can stablecoins effectively serve as a hedge against currency volatility in cross-border transfers? How do stablecoins work in this context and what are the potential benefits and drawbacks?