Cross-border payments have long been a major challenge in international trade and financial transactions. With the development of encryption technology, the emergence of stablecoins has provided a solution to this problem. In recent years, the demand for stablecoins has risen explosively, with their volume even surpassing the annual payment totals of several major global payment giants, which fully reflects the huge demand for cross-border payments worldwide.
However, we cannot ignore the limitations of stablecoins. As a centralized digital asset, stablecoins are often pegged to the US dollar, which makes them somewhat dependent on the stability and credibility of the dollar. This inevitably raises the question: if one day the US dollar credit system collapses, or people completely lose trust in centralized systems, what kind of payment tools could replace stablecoins and become the new global payment medium?
Against this backdrop, decentralized Crypto Assets with currency properties have begun to attract people's attention. They do not rely on the monetary policy of any single country and are not controlled by centralized institutions, potentially becoming an important component of the future global payment system.
Among numerous Crypto Assets, Dogecoin (DOGE) is regarded by some as a potential candidate for global payment medium due to its unique community culture and decentralized characteristics. Nonetheless, we must carefully evaluate the advantages and disadvantages of various Crypto Assets, considering their stability, liquidity, and the likelihood of widespread acceptance, to determine which Crypto Assets are best suited to become future global payment tools.
Regardless, Crypto Assets are reshaping the global financial landscape, and we are in a transformative era full of opportunities and challenges. How future payment methods will evolve is worth our continuous attention and discussion.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
13 Likes
Reward
13
7
Repost
Share
Comment
0/400
ser_ngmi
· 6h ago
DOGE is the best in the world!
View OriginalReply0
OldLeekNewSickle
· 09-04 05:48
How long will it take to play people for suckers this time?
View OriginalReply0
JustAnotherWallet
· 09-04 05:47
Doge is the best in the world
View OriginalReply0
MEVHunterLucky
· 09-04 05:40
BTC is still the most reliable!
View OriginalReply0
MeaninglessGwei
· 09-04 05:40
Who still talks about the old stories of stablecoins?
Cross-border payments have long been a major challenge in international trade and financial transactions. With the development of encryption technology, the emergence of stablecoins has provided a solution to this problem. In recent years, the demand for stablecoins has risen explosively, with their volume even surpassing the annual payment totals of several major global payment giants, which fully reflects the huge demand for cross-border payments worldwide.
However, we cannot ignore the limitations of stablecoins. As a centralized digital asset, stablecoins are often pegged to the US dollar, which makes them somewhat dependent on the stability and credibility of the dollar. This inevitably raises the question: if one day the US dollar credit system collapses, or people completely lose trust in centralized systems, what kind of payment tools could replace stablecoins and become the new global payment medium?
Against this backdrop, decentralized Crypto Assets with currency properties have begun to attract people's attention. They do not rely on the monetary policy of any single country and are not controlled by centralized institutions, potentially becoming an important component of the future global payment system.
Among numerous Crypto Assets, Dogecoin (DOGE) is regarded by some as a potential candidate for global payment medium due to its unique community culture and decentralized characteristics. Nonetheless, we must carefully evaluate the advantages and disadvantages of various Crypto Assets, considering their stability, liquidity, and the likelihood of widespread acceptance, to determine which Crypto Assets are best suited to become future global payment tools.
Regardless, Crypto Assets are reshaping the global financial landscape, and we are in a transformative era full of opportunities and challenges. How future payment methods will evolve is worth our continuous attention and discussion.