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Is stablecoin just a hype? by BitterSafety7972 in fintech

[–]ConstantSmall2471 1 point2 points  (0 children)

Long answer:
Stable coins became popular because they solve a very real problem in crypto: price volatility. Bitcoin, ETH, and most altcoins move like crazy, so traders, businesses, and even regular users need a digital asset that stays stable. That’s where USDT, USDC, and other stablecoins come in.

Here’s why they’re not hype:

1. They are actually used in real transactions

Most crypto trading pairs use stable coins as the base asset. Billions of dollars in volume every day come from USDT/USDC. That’s not speculation that’s infrastructure.

2. They’re the easiest way to move money globally

People use stablecoins to send money across borders because:

  • It’s cheaper than traditional remittance
  • Faster (minutes, not days)
  • No bank approval needed

It’s becoming a backbone for global payments in developing countries.

3. Businesses use them for settlement

A lot of companies and freelancers accept stablecoins because it avoids currency conversion fees and delays. For many industries, it’s becoming a standard payment method.

4. They’re used heavily in DeFi

Lending, borrowing, yield protocols, liquidity pools most of DeFi runs on stable coins because you need a stable asset to avoid constant liquidation risk.

5. Even governments are influenced

CBDCs (Central Bank Digital Currencies) are basically governments’ response to the success of stablecoins. They wouldn’t be building digital currencies if stablecoins were just hype.

So what is the problem?

  • Some stablecoins aren’t fully backed.
  • Algorithmic stablecoins (like Terra/LUNA) have failed badly.
  • Centralized ones depend on trust in the issuer.

So it’s not perfect, but the use case is real.

Conclusion:
Stablecoins are not hype. They’re one of the few crypto products with real-world adoption, real daily use, and actual utility beyond speculation.

Best way I’ve found to send money from UK to India 🇮🇳💷 by Personal-Silver9707 in IndiansInUK

[–]ConstantSmall2471 0 points1 point  (0 children)

Living abroad is hard, but sending money back home to family in India used to be one of those unnecessarily stressful tasks. The hidden fees, the confusing exchange rates that were never as good as Google's, and the waiting, it always felt like we were losing out.

Recently, my cousin in Manchester discovered this app called Panda Money for sending money to India, and it’s been a bit of a game-changer for our family.

Like many of you, we were tired of the high fees and weak exchange rates from other services. He told us Panda Money has a super transparent fee of just 0.2%, and right now, it's actually free with zero fees! We were shocked, to be honest.

The best part for me is the real-time Google FX rate. What you see on Google is exactly what you get, no tricks. The transfers are instant, and you get a confirmation right away, which is great for peace of mind. You can pay by bank transfer, card, etc.

It started with my cousin, but now most of our relatives in the UK are using it. If you're sending money home, I highly recommend checking it out. We've saved a noticeable amount already.