Abhay KandelJan 13, 2022 · 3 years ago6 answersIs 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?