Stablecoin

Stablecoins move on public blockchains, so a transfer can settle in minutes at any hour of any day, including weekends. That is why businesses use them to pay suppliers abroad, hold dollar value outside the US banking system, and settle between their own entities in different countries.

On Stables, a stablecoin is the settlement asset in the middle of a payment. Fiat collected from a customer is converted to USDt, and payouts are funded from USDt. The person being paid receives local currency in their bank account and never has to handle a token.

What to check before relying on one

Stablecoins differ in who issues them, what backs them and which networks they run on. The price can drift slightly from one dollar in stressed markets. For payments, the practical questions are whether your counterparties accept the token and whether there is enough liquidity to convert it in the currencies you need.